Britvic, the U.K. soft drinks maker, reports an 8.1% revenue growth in Q1 2024, exceeding market expectations. Revenue breakdown includes increases in Great Britain, Brazil, and other international markets. Projections for fiscal 2024 show a confiden...
Britvic, the U.K. maker of soft drinks, has announced an 8.1% increase in group revenue for the first quarter of fiscal 2024. The company's revenue for the quarter ending on December 31 reached 443.5 million pounds ($564.4 million). Britvic expressed confidence in achieving growth for the full year within market expectations.
Britvic's revenue breakdown for the quarter is as follows:
According to the company's website, Britvic's expected revenue range for fiscal year 2024 is GBP1.81 billion to GBP1.88 billion. Adjusted earnings before interest and taxes are projected to be between GBP228.0 million and GBP245.0 million.
Britvic's Chief Executive, Simon Litherland, expressed satisfaction with the company's performance in the first quarter, stating that it was strong and aligned with their expectations. Litherland also mentioned that Britvic has exciting plans for the year ahead, including new innovations and engaging marketing activations. He reaffirmed the company's confidence in achieving growth within market expectations for the year and continuing their track record of delivering superior returns in the long term.
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