Britvic plc (LON:BVIC) has delivered promising figures for the first quarter, with the company enjoying strong drink sales in Britain and across international markets.
Sales in Britvic’s main British market increased by 2.2 percent to 209.8 million, due to increased demand for its fizzy drinks such as Pepsi Max and 7UP.
For the first quarter, its British operations accounted for almost 60 percent of the company’s revenue. In addition, its other main markets such as France and Ireland rose by 6.3 percent and 6.4 percent.
Chief executive Simon Litherland commented on the promising set of results:
“The new financial year has started well with group revenue 4.3% ahead of last year, continuing the good progress we made as a business in the prior year.
“Encouragingly all our key markets have delivered revenue growth.
“Whilst the external environment remains uncertain, we are confident that the strong execution of our marketing and innovation plans combined with disciplined revenue management and our cost saving initiatives will deliver full year results in line with market expectations.”
As well as consistent consumer demand in the UK and across its European operations, it enjoyed a rise in international revenue by 19.8 percent, with its Robinsons Fruit Shoot beverage preforming well in the United States Markets.
Collective revenue for the beverage brand in the first quarter totalled £351 million, as it enjoyed a rise in sale volumes by 3.9 percent.
In addition to expansion into the U.S, Britvic plc has recently begun operations in Brazil, Spain and India.
The company is currently headquartered in Hemel Hempstead and is the second largest producer of soft drink beverages in the United Kingdom. Alongside Robinsons and UK Pepsi, its brands also include Tango, Drench, J20 and 7UP.
This follows an underwhelming set of results from Costa operator Whitbread Plc (LON:WTB) on Monday, a former majority shareholder of Britvic.
Shares in Britvic Plc were up by 3.99 percent in early Tuesday morning trading as of 9.40AM (GMT).