Britvic Reports Strong Q3 2024 Trading Performance

Britvic plc announced robust trading results for Q3 2024, showcasing a 6.3% increase in revenue despite challenging prior year comparisons. The total revenue for the quarter reached £502.9 million, with a year-to-date figure of £1,383.2 million, marking a 9.3% annual growth at constant currency.

In Great Britain, revenue rose by 6.6%, driven by growth in both retail and hospitality sectors. Brazil experienced significant growth with a 48.1% increase in revenue, attributed to the existing brand portfolio and the Extra Power acquisition. However, other international markets saw a 6.6% decline, as gains in Ireland were outweighed by declines in France and other regions.

CEO Simon Litherland attributed the strong performance to positive price/mix and volume growth, despite unfavorable weather conditions in Europe. He expressed confidence in the company's upcoming summer trading period, citing a robust marketing strategy.