Britvic Q3 revenues rise as Covid curbs ease

by | Jul 22, 2021

UK soft-drinks maker Britvic reported a rise in third quarter revenues driven by the easing of Covid restrictions and strong “at home” sales.
The maker of Robinsons and J2O on Thursday said revenues rose 22.8% to £384.8m with revenue growth in all business units. Year-to-date revenue increased by 3.1% to £1bn.

“We continued to deliver strong Great Britain at-home performance in Q3, with revenue ahead of last year throughout the quarter,” Britvic said.

“The easing of lockdown restrictions in the UK also led to a significantly improved performance in the out-of-home channel and benefited on-the-go consumption.”

Sales were also boosted by trade restocking ahead of reopening, as UK pubs and restaurants were able to resume trade, albeit with reduced capacity due to continued social distancing measures.

Elsewhere, revenue grew from at-home sales in Brazil, France, and Ireland.

Double-digit revenue growth continued in Brazil, while the recovery of pub and restaurant sales in Ireland lagged the UK, reflecting the different paths out of lockdown.

“Overall, while our product and pack mix has improved in the quarter, it has not yet returned to pre-pandemic levels. As we approach the critical summer trading period, we anticipate making further progress through the rest of this year and delivering profit within the range of current market expectations,” Britvic said.

Chief executive Simon Litherland said “some degree of uncertainty” remained “as the full course of the pandemic is still unknown”.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x