Soft drinks company Britvic has warned that its full-year profit will be modestly below expectations because of a decline in the carbonates market and downward pricing pressures.
In half-year results to April 16, Britvic said that pre-tax profit fell 9.4% to £43.4m, on total branded sales down 5.3% at £323.5m.
Paul Moody, chief executive of Britvic, added: “Our total sales performance has improved in the first four weeks of the second half with stills revenue showing encouraging growth, although carbonates revenue remains down on the prior year.”
In half-year results to April 16, Britvic said that pre-tax profit fell 9.4% to £43.4m, on total branded sales down 5.3% at £323.5m.
Paul Moody, chief executive of Britvic, added: “Our total sales performance has improved in the first four weeks of the second half with stills revenue showing encouraging growth, although carbonates revenue remains down on the prior year.”
No comments yet