For the full 52-week period, total revenue increased by 5.6% to £978.8m, driven by volume and average realised price (ARP) growth. The full-year GB and International revenue growth of 8.7% reflects GB carbonates growth of 11.0%, GB stills growth of 5.7% and International growth of 18.5%.
Total revenues of £246.5m for the 12 weeks to 27 September 2009 represent an increase of 4.2% on the prior year, resulting again from volume and ARP growth. Against a particularly strong comparative quarter last year, GB and International revenues grew by 8.1% to £197.8m, reflecting GB carbonates growth of 9.1%, GB stills growth of 5.6% and International growth of 28.8%.
Britvic Ireland volumes for the quarter to 30 September 2009 were down 13.9% with euro revenues down 16.3%. Sterling-based Irish revenues were down by 9.0% in the same period, with a full-year sterling-based revenue decline of 5.6%.
“Strong revenue growth achieved by selling more branded soft drinks at higher prices characterises our performance in the latest quarter and the full year,” said chief executive, Paul Moody. “Compelling brand-equity programmes and strong innovation, supported by excellent execution at the point of sale, have been instrumental in our success. A re-engineered business in Ireland is, we believe, well placed to exploit market growth as it returns.”
Source: Britvic
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