Britvic earnings fizz 23% higher
Robinsons-to-Tango drinks giant Britvic posted a 23% hike in annual profits as it bucked sales declines in the wider soft drinks market.
The group, which also makes Pepsi, 7Up and J20, reported pretax profits of £86.5m in the year to September 27 and said its brands grew market share across the board.
Britvic saw British sales volumes of its still and fizzy drinks rise by 3.6% and 7.9% respectively.
The performance in Britain helped offset troubles in the Irish market, which suffered a 5.6% slide in revenues across the year.
Britvic thanked a revival in consumer demand for carbonated drinks for an 'excellent performance' of brands such as Tango. The shares fell 2.5p lower to 370p.
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