Pre-tax profits at Britvic surged by almost a quarter over the past year, the Tango maker reported today.
Profits rose by more than 23% to £86.5m in the past 12 months, while sales for its British and international business grew by almost 9%. Sales in Ireland fell by 5.6% over the period, but total group sales still increased from £926.5m to £978.8m for the year.
Earlier this month Britvic claimed that Tango was among the fastest-growing fruit carbonate brands in the UK, thanks to what the company called "a wave of memorable marketing initiatives".
“The GB & International business has now achieved eight consecutive quarters of revenue growth since 2006,” said Britvic chief executive Paul Moody. “Over the last year our brands have grown market share across all key categories and our portfolio has been strengthened by successful innovation.”
He added: “Recent conditions in the GB soft drink market have shown some signs of improvement.”
Tango back on top after wave of initiatives (7 November 2009)
Drinks sales fizz as Britvic nears billion-pound barrier (15 October 2009)
Focus On Soft Drinks (2 May 2009)