Beverage News / Juice & Juice Drinks

Britvic plc releases preliminary 2013 results

Deal with PAB to benefit US distribution

Britvic plc, Hertfordshire, United Kingdom, announced its preliminary results for the 52 weeks ending Sept. 29. The company reported full-year revenue growth of 4.4 percent to approximately $2.1 billion, with strong earnings before interest, taxes and amortization growth of 18.4 percent to $222.8 million.

In the United States, the company saw distribution of its Fruit Shoot juice drinks brand increase to 32 states following further expansion with PepsiCo Americas Beverages (PAB), Purchase, N.Y., and a new agreement with the independent bottler, Pepsi Cola Bottling Company of Pittsburgh.

Strategic highlights include the announcement of a 15-year bottling agreement with PAB for additional manufacturing and expanded distribution of Fruit Shoot in the United States. As part of the agreement, Fruit Shoot will be available in 41 states in 2014.

“We have delivered a strong financial performance in a year of significant change for our business,” said Chief Executive Officer Simon Litherland, in a statement. “We have grown revenue and price in all of our business units and gained market value share, resulting in operating profit growth in excess of 18 percent. … Today’s announcement of a new agreement with PepsiCo Americas Beverages (PAB) for significant additional expansion in the USA is further evidence of the growth opportunities that exist for our brands internationally.

“While we anticipate that the consumer environment will remain challenging in 2014, trading in the new financial year is slightly ahead of a strong first quarter performance last year, and we are confident of delivering [earnings before interest and taxes] in the range of £148m to £156m for the full-year,” he concluded.
 

 Did you enjoy this article? Click here to subscribe to Beverage Industry.  

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Dinner with Tequila Don Julio

Diageo is taking its Tequila Don Julio brand on the road this summer with a rolling Airstream Speakeasy mobile craft cocktail bar. The team stopped in Chicago on July 29 to share some specialty tequila cocktails paired with food from Chicago restaurants Honey Butter Fried Chicken and The Radler as well as dessert venues Black Dog Gelato and Baker Miller. (Photos by Jennifer Haderspeck)

9/17/14 2:00 pm EDT

The Path to New Product Success: Navigating the latest trends for new beverage development

By attending this webinar, you will learn about the top trends and how they fit into the CPG market, which channels are influencing new products and technology, how Packaging fits into your product development, and ways you can use innovation to increase sales.

Podcasts

Maintaining beverage dispensing equipment

Iuliana Nita, Saint-Gobain Performance Plastics global marketing manager of food and beverage, offers her insights about ensuring sanitary performance of beverage dispensing equipment in foodservice applications. She also will offer some tips about choosing the right kind of tubing to handle acidic beverages.

Beverage Industry Magazine

BI September 2014 cover

2014 September

The September 2014 Beverage Industry includes a cover story on our Wholesaler of the Year, The Odom Corp., as well as articles about single-cup and iced coffees, cconvenience store growth, vegetable flavors, and more. Check it out today!

Table Of Contents Subscribe

Beverage Insider eNewsletter

Are you an Insider? Subscribe to Beverage Industry’s weekly e-newsletter to receive news headlines, new product information and magazine highlights.   

Coffee Segments

Which coffee segment will be impacted the most by coffee bean increases?
View Results Poll Archive

THE BEVERAGE INDUSTRY STORE

cleaning-in-place-dairy-foo.gif
Cleaning-in-Place: Dairy, Food and Beverage Operations, 3rd Edition

This book addresses the principles of cleaning operations, water supply issues and the science of detergents and disinfectants.

More Products

Webinars

Beverage Industry Webinars are an easy, effective and convenient way to get educated and informed on the latest industry trends and topics. All Webinars are FREE unless indicated. For more information, check out our Events page!

STAY CONNECTED

facebook40 twitter    youtubelinkedgoogle+ icon 40px