Britvic up despite revenue squash

1 mins. to read
Britvic up despite revenue squash
Ben Gingell /

FTSE 250 drinks company Britvic (LON:BVIC) saw its share price climb by 4.23% to 751p (as of 15:00 BST) after post-tax profits for the six months ended 31st March improved by 11.5%. Revenues for the half year dropped by 9.1% and management said that product mix has worsened since the lockdown as consumption shifted away from on-the-go options.

CEO Simon Litherland commented: “The world is a very different place from the one it was a few months ago and I am proud and humbled by the resilience and dedication shown by the entire Britvic team. Our priorities throughout the Covid-19 pandemic have been clear: protect our employees, deliver for our customers, support our communities and maintain our financial strength.

“We entered the Covid-19 crisis with strong momentum, having delivered a robust first half performance, which continues our track record of consistent delivery since 2013. As a business and as a team, we have repeatedly demonstrated our agility as well as our ability to successfully navigate tough headwinds. While these times are clearly unparalleled, soft drinks has proven itself to be a resilient category time and time again. As consumers increasingly turn to trusted brands, we are confident that our long-term strategy will continue to create value for all our stakeholders“.

On 7th July, we will be running a Q&A webinar with the one and only Evil Knievil (Aka Simon Cawkwell). Please share a question for Evil below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you going to take part in Evil's webinar?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *