“First quarter in line with expectations”
Trading in the first quarter was in line with our expectations. Reported revenue increased 4.5% to £352.4m and organic constant currency revenue, excluding the soft drink levies, increased 1.5% to £337.3m.
Simon Litherland, Chief Executive, commented:
“We have delivered a solid start to the new financial year, with performance in line with our expectations. Given the resilience of our business, the strength of our portfolio and exciting marketing and innovation plans, we are confident of making further progress in 2019.”
For further information please contact:
|Steve Nightingale||Director of Investor Relations||+44 (0) 7808 097784|
|Kathryn Partridge||Director of Corporate Relations||+44 (0) 7803 854229|
|Stephanie Macduff-Duncan||Senior Corporate Communications Mgr||+44 (0) 7808 097680|
|Stephen Malthouse||Headland||+44 (0) 203 805 4844|
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This announcement includes statements that are forward-looking in nature. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the group to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by the Listing Rules and applicable law, Britvic undertakes no obligation to update or change any forward-looking statements to reflect events occurring after the date such statements are published.
QUARTER ONE (“Q1”) REPORTING PERIOD
Britvic GB, Ireland and Britvic International’s first-quarter period runs from 1 October to 23 December 2018. Britvic France, Britvic Brazil and Counterpoint cover the period from 1 October to 31 December 2018. Please note that Britvic Ireland’s volume and ARP exclude the sale of third-party factored brands through Counterpoint.
NEXT SCHEDULED ANNOUNCEMENT
Britvic will release its interim results on 22 May 2019.