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Rexam beats forecasts but is cool on World Cup

REXAM, the world’s biggest drinks can maker, said its first quarter figures had beaten City expectations thanks to increased demand from South America and Europe.

However, the British packaging company played down any potential boost to drinks can volumes from the soccer World Cup this summer.

Chief executive, Graham Chipchase said: “We only have about two to three months’ visibility.”

“We’re not seeing anything to make us very worried, but we’re not seeing anything to make us very excited either,” he added.

The results were also driven by strong demand for energy drinks and unusual can sizes in its beverage cans business. Chipchase said he expected the dynamic to continue.

“From a macro view, the speciality can is important for energy drinks, because it differentiates the packaging on the shelf and those things will not change,” Chipchase said.