Britvic, the soft drinks company, says its strong portfolio of brands helped it report slight growth in revenues and pre-tax profit in the year to 2 October 2011 despite increased costs and the “disappointing” summer weather. Revenues excluding its French business increased 0.8% to £1,045.7m - including France, revenues increased 14.6% to £1,290.4m. Group ebitda was up 4.8% to £138.1m, with profit before tax up 0.5% to £105.1m. In Britain, volumes were up 0.8%. The 3% rise in carbonates volumes, to 1,130.5m litres offset the 4.1% fall in still volumes (493.5m litres). Revenue in stills declined by 3.2% to £351.2m. This is partly blamed on the poor summer weather, which saw the total soft drinks market fall 8.2%. Carbonates revenues increased 7.3% to £502.6m, taking revenue for the category over £0.5bn for the first time (£502.6m). Britvic highlighted the success of innovations such as Mountain Dew Energy and the growth of Pepsi Max. Average pricing growth in Britain was 1.9%, “reflecting our price discipline in the market”. The company said 2011 was a “challenging period for the soft drinks markets”. “We saw accelerated cost inflation in February, which resulted in the company increasing its raw material guidance from 5-6% to 9-11%. The timing of our GB pricing and business plan negotiations was aligned with the VAT increase in January and consequently we were unable to offset the increased costs in February. “The summer weather disappointed and impacted soft drinks sales in each of our markets. Furthermore the growing economic challenges have altered the spending power and behaviour of consumers. “Nonetheless our GB, France and International business units have all delivered positive volume and revenue growth. Britvic has benefited from the diverse nature of its portfolio of great brands and in GB saw strong growth in carbonates which more than offset declines in stills.” Paul Moody, chief executive of Britvic, said: “Britvic has delivered a robust set of results, despite the particularly challenging economic backdrop in 2011. Our GB, France and International business units have each produced revenue and volume growth this year, leading to an increase in total group revenue of almost 15%. This performance reflects the strength of our brands and the quality of our innovation programme, as well as the continued focus on revenue management. “The political, financial and social environment in which we operate will remain challenging, but we are confident in our ability to compete strongly and to deliver another solid set of results for the year ahead, in line with our expectations.”