REG-Britvic plc 1st Quarter Results

BritvicAnnouncement

26/01/2023 07:15

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   Britvic plc (BVIC )
   1st Quarter Results

   26-Jan-2023 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   Britvic plc

   LEI: 635400L3NVMYD4BVCI53

   26 January 2023

                            Britvic plc (“Britvic”)

                    Q1 Trading Statement to 31 December 2022

       “Robust start to the year, trading in-line with our expectations”

                                        

   In the first quarter, Group revenue increased 7.3% to £411m on a constant
   currency basis (reported +9.9%) versus last year and was in-line with
   management expectations.

   Highlights

     • Robust group revenue growth driven by price/mix, partly offset by an
       anticipated volume decline
     • Strong Christmas trading, with December revenue +9.0%, led by GB
       +13.8%
     • Strong quarter for GB, with revenue up +9.8% delivered across both
       retail and hospitality channels
     • Modest decline in Brazil revenue of -0.4% reflecting a focus on
       price/mix to deliver a significant improvement in YoY margin in Q1
     • Other International revenue up +3.5% led by Ireland and strong
       price/mix. France broadly flat with price/mix growth offset by a
       volume decline

   Interim results, for the six months ending 31 March 2023 will be announced
   on 16 May 2023.

   Commenting on these results, Simon Litherland, Chief Executive, said:

   “Our performance in the first quarter was robust and in-line with our
   expectations. Our portfolio of trusted, family favourite brands offer
   great value and continue to resonate strongly with consumers.  We have
   continued to take decisive action to mitigate the impact of cost inflation
   with disciplined revenue management and a relentless focus on cost
   efficiency, to protect profit and margin.

   “We have strong plans in all our markets and categories, including a brand
   refresh for Robinsons, pack and flavour innovation, as well as exciting
   marketing campaigns. Britvic is a well-invested business, with an agile
   supply chain and a capable and highly engaged team, which positions us
   well for the future.”

    

    

    

    

   For further information please contact:

   Investors:                                          
   Joanne Wilson (Chief Financial Officer)            +44 (0) 121 711 1102
   Steve Nightingale (Director of Investor Relations) +44 (0) 7808 097784

    

   Media:                                                  
   Steph    Macduff-Duncan     (Head     of     Corporate +44 (0) 7808 097680
   Communications)
   Stephen Malthouse (Headland)                           +44 (0) 7734 956201

    

    

   About Britvic

   Britvic is  an international  soft  drinks business  rich in  history  and
   heritage. Founded in  England in  the 1930s, it  has grown  into a  global
   organisation with 37  much-loved brands  sold in over  100 countries.  The
   company combines its  own leading brand  portfolio including Fruit  Shoot,
   Robinsons, Tango, J2O, London Essence,  Teisseire and MiWadi with  PepsiCo
   brands such as Pepsi,  7UP and Lipton Ice  Tea which Britvic produces  and
   sells in Great Britain and Ireland under exclusive PepsiCo agreements.

   Britvic is the  largest supplier  of branded  still soft  drinks in  Great
   Britain and the number two supplier  of branded carbonated soft drinks  in
   Great Britain. Britvic is an industry leader in the island of Ireland with
   brands such  as MiWadi  and  Ballygowan, in  France  with brands  such  as
   Teisseire, Pressade  and Moulin  de  Valdonne and  in its  growth  market,
   Brazil, with  Maguary, Bela  Ischia and  Dafruta. Britvic  is growing  its
   reach into other territories through franchising, export, and licensing.

   Britvic is a purpose driven organisation  with a clear vision and a  clear
   set of values.  Our purpose, vision  and values  sit at the  heart of  our
   company, driving us forward together to create a better tomorrow. We  want
   to contribute positively  to the people  and world around  us. This  means
   ensuring that our sustainable business practices, which we call  Healthier
   People, Healthier Planet, are  embedded in every  element of our  business
   strategy.

   Britvic is listed on the London Stock Exchange under the code BVIC and  is
   a constituent of the FTSE 250 index.  Find out more at  1 Britvic.com

   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 because  of the COVID-19 pandemic,  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.

    

    

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   ISIN:           GB00B0N8QD54
   Category Code:  QRF
   TIDM:           BVIC
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   218420
   EQS News ID:    1543715


    
   End of Announcement EQS News Service

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