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Britvic Q1 Revenue Up 4.8%; Reaffirms 2016 EBITA Guidance

Britvic plc. (BVIC.L) reported that revenue for the first-quarter was 311.6 million pounds, 4.8% ahead of last year. On an organic basis reported revenue declined 2.4% to 290.1 million pounds.

Simon Litherland, Chief Executive, said, "As anticipated, our first quarter performance reflected both the prevailing challenging trading conditions and a slow start in October. However trading over the entire Christmas period in our core markets was encouraging, with revenue ahead of last year, and in the quarter, we grew or held market value share in each of these markets."

With strong marketing and innovation plans for the year ahead, and an ongoing focus on cost control, the company reaffirmed its EBITA guidance range of 180 million pounds to 190 million pounds for 2016.

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