# Britvic plc reports strong Q1 performance and positive growth in revenue

- Link: https://www.directorstalkinterviews.com/britvic-plc-reports-strong-q1-performance-and-positive-growth-in-revenue/4121139478
- Published: 2024-01-25T07:47:01+00:00
- Author: Amilia Stone

**Britvic plc **(LON:BVIC) has announced its Q1 Trading Statement to 31 December
2023

> **Simon Litherland, Chief Executive Officer commented:**
> “We are pleased with such a positive start to the year. Our performance in the
> first quarter was strong and in-line with our expectations, as we continue to 
> offer consumers value as well as great taste, with our portfolio of family favourite
> soft drinks brands. We have exciting plans for the year ahead across our markets,
> with new innovations and engaging marketing activations, including Pepsi’s first
> brand refresh in 14 years. 
> “More broadly, Britvic is a well-invested business, with a clear growth strategy.
> We remain confident of achieving growth this year within the range of market expectations,
> as well as continuing our track record of delivering superior returns longer term.”

| **To 31 December 2023** | ** ****YOY Growth (at constant currency)**** ** | 
| ** ** | ** ****Revenue** | ** ****Group** | ** ****GB** | ** ****Brazil** | **Other International** | 
| **Q1** | **£443.5m** | +8.1% | +6.9% | +21.0% | +6.0% |

In the first quarter, trading was in-line with management’s expectations with Group
revenue increasing 8.1% **to £443.5m** on a constant currency basis (reported +7.9%)
and volume **+1.7%** versus last year.

**Performance highlights**

·    Like-for-like Group revenue growth with both positive price/mix and volume 
growth.

o  Robust quarter for GB, with revenue **+6.9%** and both retail and hospitality
channels in growth.

o  Strong growth in Brazil with revenue **+21.0%** including benefit of recent acquisition.

o  Other International markets revenue **+6.0%**, led by Ireland revenue **+12.5%**.
France revenue **+1.1%**, with strong price/mix, offsetting a volume decline.

·    Strong December trading, with Group revenue **+12.1%** and volume **+6.4%**,
benefiting from like-for-like growth and recent acquisitions.

Britvic interim results, for the six months ending 31 March 2024 will be announced
on 15 May 2024.

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