Britvic Reports Small Quarterly rise in revenue, maintains full year outlook
January 29, 2014 9:58 am
Britvic plc (BVIC.L) today reported Q1 results announcing a small rise in revenue of 1.3% at constant exchange rate (2.8% at the current actual exchange rate).
The company said in a statement to investors “Britvic today reports its Q1 trading performance for the 12 weeks to 22 December 2013 and remains on track to deliver full year EBIT in line with previous guidance of £148m to £156m. Despite a continued challenging consumer environment in all of our markets revenue increased by 2.8% (Actual Exchange Rate) and 1.3% (Constant Exchange Rate) to £311.8m”
Commenting, Simon Litherland (Chief Executive) said: ”
“We delivered a robust Q1 performance in each of our core markets despite a challenging consumer environment. We continued to make good progress implementing our new strategy and remain on-track to deliver our cost reduction initiatives as planned this year. Trading in the first few weeks of Q2 is ahead of last year, and we remain confident that EBIT this year will be within the range of £148m to £156m, which we communicated at our preliminary results in November.”
Britvic plc (BVIC.L) today reported Q1 results announcing a small rise in revenue of 1.3% at constant exchange rate (2.8% at the current actual exchange rate).
The company said in a statement to investors “Britvic today reports its Q1 trading performance for the 12 weeks to 22 December 2013 and remains on track to deliver full year EBIT in line with previous guidance of £148m to £156m. Despite a continued challenging consumer environment in all of our markets revenue increased by 2.8% (Actual Exchange Rate) and 1.3% (Constant Exchange Rate) to £311.8m”
Commenting, Simon Litherland (Chief Executive) said: ”
“We delivered a robust Q1 performance in each of our core markets despite a challenging consumer
environment. We continued to make good progress implementing our new strategy and remain on-track to deliver our cost reduction initiatives as planned this year. Trading in the first few weeks of Q2 is ahead of last year, and we remain confident that EBIT this year will be within the range of £148m to £156m, which we communicated at our preliminary results in November.”
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