Britvic has reported organic adjusted EBIT increased 6% to £80.5m, in a trading update this morning for the 28 weeks ended 15 April 2018.
Revenue increased 4.5% to £733.2m while adjusted profit after tax increased 12.2% to £49.8m
The soft drinks group said it had outperformed the wider soft drinks market for the half year, with revenue growth of 4.6% in the UK, compared to 2% growth in wider soft drinks market.
Britivic said the strong performance in the UK was against a backdrop of extreme winter weather, the administration of Palmer & Harvey and the break-up of Conviviality, with new business wins, such as Cineworld.
The interim results only include one week of sales following the introduction of the Soft Drinks Industry Levy (SDIL), so is soon to judge the consumer response and impact.
The group said it was well placed to cater for increased focus on low and no sugar brands.
Simon Litherland, chief executive, said: “We have delivered a strong first half performance with solid revenue, margin and earnings growth. We have also made good progress in innovating to meet consumer needs, growing our international presence and transforming our supply chain. While it is too soon to guide on the ongoing consumer impact of the soft drinks levy, early indications of the competitor and customer response are broadly as we anticipated. We have exciting commercial plans in place for the second half and I remain confident of continuing to make progress this year.”