Britvic has announced significant financial growth for the fiscal year ending September 30.
- The company’s earnings before interest and taxes (EBIT) surged by 14.9% to £250.9 million.
- Overall sales increased by 8.6%, reaching £1.8 billion.
- Sales volume rose by 3.1%, driven by organic growth and strategic acquisitions.
- Acquisitions of Extra Power and Jimmy’s Iced Coffee were key to expanding Britvic’s market presence.
Britvic, a prominent player in the soft drink industry, reported a remarkable increase in its annual financial results. The company’s EBIT climbed by 14.9% to reach £250.9 million during the fiscal year that concluded on September 30. Notably, this growth was buoyed by strong market performance across various brands including Pepsi, Tango, Lipton, and Ballygowan. Sales also experienced a significant rise of 8.6%, culminating at £1.8 billion.
The company’s volume of sales saw a 3.1% increase, attributed to organic advancements and the integration of recent acquisitions such as Extra Power and Jimmy’s Iced Coffee. This strategic expansion enabled Britvic to enhance its market share and diversify its product offerings. The average realized price for Britvic’s products rose by 6.2%, supporting the overall revenue growth.
In the UK market, Britvic’s plant-based brand Plenish stood out, with sales more than doubling compared to the previous year. This was a result of successful new product launches that resonated well with the consumer base. The CEO, Simon Litherland, described the financial performance as ‘excellent’ and reaffirmed the company’s commitment to growth through continued investment in marketing and innovation.
Litherland highlighted the company’s ongoing efforts to future-proof its operations by enhancing capacity, investing in personnel, and boosting marketing and innovation. He expects the acquisition by Carlsberg, announced earlier this year, to be completed by the first quarter of 2025. This acquisition is foreseen to further strengthen Britvic’s market positioning in the beverage sector.
Britvic’s strategic initiatives and strong market performance have laid a solid foundation for sustained growth.
