“Britvic’s very strong performance has delivered double-digit operating profit and earnings growth,” said Paul Moody, chief executive. “The GB & International business has now achieved eight consecutive quarters of revenue growth since 2006, resulting in revenue CAGR of 6% and operating profit CAGR of 11%.
“Over the last year, our brands have grown market share across all key categories and our portfolio has been strengthened by successful innovation. We’re successfully re-engineering our business in Ireland to take advantage of eventual market recovery, while realising expected synergies.
“Recent conditions in the GB soft drink market have shown some signs of improvement, although visibility in both GB and Ireland beyond the short term remains limited and we take a cautious view of consumer spending. However, we’re encouraged by our strong group performance in the early weeks of the new financial year, building on our track record of top-line, margin and quality earnings growth.”
Source: Britvic
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