Britvic Q1 revenues up 11%

Britvic has reported total revenues of GBP242.7m for the 12 weeks to December 20, 2009, an increase

Great Britain (GB) and International revenues increased 15.2% during the period, representing GB carbonates growth of 20.1%, GB stills growth of 9.6%, and Britvic International growth of 5.1%. The contribution from Britvic Ireland of GBP48.4m for the three months to December 31, 2009 was down by 3% on the same period in the prior year, although underlying euro revenues were down by 10.1%.

In GB, stills market volume growth of 3% outpaced carbonates growth of 1.4%. Stills market growth was driven by categories such as plain water and sports drinks, while carbonates market volume growth came mainly from the cola and glucose/stimulant categories. The Licensed On-Premise soft drink market continued to recover in the period, with November in particular demonstrating strong growth.

Brands such as Robinsons squash and J2O, alongside more recently-introduced brands such as Fruit Shoot H2O and Gatorade, drove Britvic's stills volume growth of 3.1%.

Britvic's International business has delivered volume growth of 11.3% through distribution gains in existing and new territories, such as the 2009 introduction of Fruit Shoot into Sweden. ARP declined by 5.6% due to a marginally-unfavourable product mix and the timing of promotional activity.
For Britvic Ireland, owned-brand volumes were down by 4% in the quarter, with euro-based ARP down by 3.4%.