Britvic plc reports strong revenue growth and expands healthier drink options
Kevin Donnelly, MD, Britvic Ireland pictured at the Ballygowan bottling facility in Newcastle West, Limerick (Photo: David Clynch)
Britvic plc has released its Preliminary Results for the year ended 30 September 2024.
Revenue increased 9.5% to £1,899.0 million (€2280.71 million), driven by a combination of higher prices, an improved product mix, and rising sales volumes.
Profit after tax rose by 1.8% to £125.8 million (€151 million), while adjusted earnings per share increased by 13.9% to 69.5p.
Britvic also announced a full-year dividend of 34.5p, which includes a 25p per share dividend payable upon the completion of its acquisition by Carlsberg.
Operational highlights
Britvic experienced strong demand for its portfolio of popular brands, including Pepsi, Tango, Lipton, MiWadi, and Ballygowan.
The company achieved a significant performance improvement in Brazil, where established and newly acquired brands delivered high double-digit revenue growth.
Its new growth brands – Plenish, Jimmy’s, Aqua Libra, and London Essence – are scaling successfully in fast-growing categories.
To support long-term growth, Britvic increased its advertising and promotional spend by 30.9% and added new growth capacity across its markets, including Great Britain, Ireland, and Brazil.
The company maintained its focus on offering healthier beverage options, with products averaging just 21 calories per serving, while also advancing sustainability initiatives through investments in decarbonization and water stewardship programs.
Kevin Donnelly, managing director, Britvic Ireland, said: “We were pleased to deliver another year of impressive revenue growth in Ireland, up 7.8% on last year. Encouragingly, we saw a return to volume growth in Q4, with volumes up 5.9% on last year, and market share gains.
“We continue to invest in our manufacturing facilities in Ireland, introducing tethered caps in July, expanding capacity for Ballygowan Hint of Fruit, and introducing sleek cans across our carbonated drinks portfolio.”
