Britvic has reported adjusted revenues were down 5.8% to £328.1m in the three months to December 2020.

The drinks supplier reported at-home share gains in our key growth markets of Great Britain, where total revenue declined 4.1%, but at-home growth of 11.9% offset by a decline of 32.5% in out-of-home.

Tighter pre-Christmas covid-19 restrictions, and the subsequent national lockdown measures, put further pressure on sales in both the hospitality sector and on-the-go consumption, the company reported.

Britvic expects its performance to continue to be significantly affected by similar adverse channel and pack mix, gradually improving following the lifting of restrictions.

The company said it remained confident in its strategy and momentum, and hoped to make further strategic progress, despite profit growth remaining subject to easing of restrictions.

Simon Litherland, CEO, commented: “Trading in the first quarter continued to be impacted by covid-19 restrictions. Our portfolio of family favourite brands has however again performed well in the channels open to us, assisted by the additional flexibility we now enjoy as a result of investment in our GB supply chain. I remain very proud of how the Britvic team continue to respond with pace and agility to the changing landscape. While the introduction of the latest restrictions will undoubtedly impact this year’s results, we will continue to implement our strategy. We therefore intend to rebuild investment behind our brands, people and planet initiatives and stay focused on our medium and long-term potential.”

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