Britvic (BVIC) Q3 2024 TU earnings summary

Executive summary

• Achieved strong Q3 trading with revenue up 6.3% year-over-year, despite challenging prior year comparables and poor weather in Europe.

• Volume grew 2.2% and positive price/mix contributed to revenue growth.

• Entering the key summer trading period with robust brand demand and active marketing campaigns.

Financial highlights

• Group Q3 revenue reached £502.9m, with year-to-date revenue at £1,383.2m.

• Great Britain revenue grew 6.6% year-over-year, with both retail and hospitality channels in growth.

• Brazil revenue surged 48.1% year-over-year, driven by existing brands and the Extra Power acquisition.

• Other International revenue declined 6.6% year-over-year, as growth in Ireland was offset by declines in France and other markets.

Segment performance

• Great Britain: 6.6% revenue growth, with both retail and hospitality channels contributing.

• Brazil: 48.1% revenue growth, with strong performance from both core brands and energy segment.

• Other International: 6.6% revenue decline, with Ireland up but France and other markets down.