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Gloucestershire Business News

Soft drinks firm boosted by hospitality reopening

The ending of lockdown restrictions has added some juice to the sales figures for soft drinks firm Britvic.

The firm which owns brands like J20, Purdey's and Tango saw revenue increase 6.6% to £1.4 billion.

For the year ended 30th September pre-tax profits were up 10% to £176.5m.

That's meant a hike in the full year dividend for shareholders of 12%, reflecting the board's confidence.

Simon Litherland, Britvic chief executive officer, said: "This year we have recovered strongly from the effects of the pandemic, with underlying revenue, margin, and profit all in growth.

"Our disciplined cash management enabled us to pay down debt and to increase our dividend by 12.0%, reflecting our confidence in the business.

"While there are multiple operational headwinds leading to increased inflation, we are confident we will mitigate them through a combination of our agile and resilient supply chain, revenue management and cost saving actions."

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