Britvic's share price falls after it makes Brexit warning

 
James Nickerson
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Pepsi seller warned of the effect of Brexit (Source: Getty)

Britvic warned that the Brexit vote will add to difficult trading conditions this year. Its share price is marginally down to 518.5p, almost 0.6 per cent, on the news.

The figures

In the third quarter Britvic reported a 5.3 per cent increase in revenue to £346.3m.

However, UK revenues fell by two per cent to £214.8m.

The company sold 570.7m litres of its produce, up 8.8 per cent against last year.

Britvic Britvic | mobile image

Why it's interesting

Pepsi and Robinsons seller Britvic's big news today is that the UK's decision to leave the EU will add more strain onto already "tough" trading conditions for consumer drinks brands this year.

In particular it cited consumer uncertainty and the weakening of sterling which will place pressure on its input costs in the UK.

Read more: Pepsi and Robinsons maker Britvic warns of sluggish start to the year

That's not great news, given its Great Britain market value fell by some 7.5 per cent in June following "a particularly wet month".

International revenue was flat on last year and the company has decided to withdraw from India.

What Britvic said

Our strategy to leverage our market leading brands in our core markets, expand internationally, continue to invest in innovation and focus on cost control, means that we are well placed to continue to deliver our long-term strategic priorities and create value for our shareholders.

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