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24 November, 2021 - 15:56 By Tony Quested

Britvic shows its bottle with revenue and profit cocktail

Soft drinks specialist Britvic plc, anchored in Hemel Hempstead, has produced a highly palatable set of results for the year to September 30.

Revenue increased 6.6 per cent to £1.405 billion and post-tax profit was 9.1 per cent ahead to £103.2 million.

The company reports encouraging trading with volumes in the first six weeks of the year ahead of FY21 and FY20 figures.

Britvic says it is investing behind growth drivers to accelerate long-term revenue and profit trajectory and is confident in making further progress with revenue, profit and margin growth in 2022 despite inflationary cost pressures.

Chief executive Simon Litherland, said: “This year we have recovered strongly from the effects of the pandemic, with underlying revenue, margin, and profit all in growth.

“Our disciplined cash management enabled us to pay down debt and to increase our dividend by 12 per cent, reflecting our confidence in the business.

“We continue to invest in our brands, people and infrastructure. Our portfolio of trusted family favourite brands has led the growth across our business units and we continue to access new growth spaces through innovation, the acquisition of Plenish and the relaunch of Rockstar.

“We have simplified the business in Ireland with the closure of Counterpoint. Our Healthier People, Healthier Planet sustainability programme has also progressed well, with the rollout of recycled PET in GB, and carbon reduction initiatives across the business.

“Looking ahead, as we execute our growth strategy, I am confident that we will continue to deliver consistent returns to shareholders. While there are multiple operational headwinds leading to increased inflation, we are confident we will mitigate them through a combination of our agile and resilient supply chain, revenue management and cost saving actions.

“In 2022 we anticipate making further progress with revenue, profit and margin ahead of 2021.”

Britvic is one of the leading branded soft drinks businesses in Europe. The company combines its own leading brand portfolio including Robinsons, Tango, J2O, London Essence, Plenish, Teisseire and MiWadi with PepsiCo brands such as Pepsi, 7UP, Rockstar and Lipton Ice Tea, which Britvic produces and sells in GB and Ireland under exclusive PepsiCo agreements.

It is the largest supplier of branded still soft drinks in Great Britain and the number two supplier of branded carbonated soft drinks in GB. 

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