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Britvic on track in spite of domestic challenges

"Overall we have delivered a solid performance against a more challenging backdrop in quarter three,” said chief executive Simon Litherland

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The company makes J2O here in the UK along with a host of household brands

Mixers group Britvic Plc (LON:BVIC) said it is confident of achieving market expectations in spite of a 1.5% reverse in revenues and a shrinking home market.

It said sales for the last three months were £360.1mln at constant currencies and excluding the impact of the soft drinks levy in the UK.

The maker of J2O and the Robinsons line of soft drinks said France and Ireland “remained more challenging” with a further softening since the half-year.

By contrast, Brazil and the wider international business “continued to deliver solid revenue growth”.

"Overall we have delivered a solid performance against a more challenging backdrop in quarter three,” said chief executive Simon Litherland.

“We remain confident of achieving market expectations for the full year, underpinned by the strength of our brand portfolio, exciting commercial plans and a tight focus on cost control."

Quick facts: Britvic PLC

Price: 820 GBX

LSE:BVIC
Market: LSE
Market Cap: £2.19 billion
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