SOFT drinks firm Britvic toasted better than expected profits – despite the impact of a wet summer.
Britvic, which owns the former Ben Shaws bottled water business at Birkby, lifted underlying profits by 9% to £80m during the year to September 30 – even through the market for soft drinks fell by 2%.
Britvic, which also includes Tango and Robinsons drinks, said trading since September had been challenging, but said the market had shown modest growth in recent weeks.
The company said fruit juice J20 and Robinsons squash had consolidated their positions as market leaders as volume sales of still drinks rose by 4% in a market which fell more than 3%.
Pepsi and 7UP – which the company distributes under licence – both gained market share. But revenues and volumes from fizzy drinks grew at a slower rate of 3% as Britvic focused on promoting its still brands.
Total sales rose by almost 6% to £716.3m.