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Britvic cheery after “robust” start of the year

Revenue rose 2.6% to £369.8mln in the three months to 31 December, while talks for the sale of French assets are ongoing

Britvic PLC - Britvic cheers to “robust” start of the year
Britvic produces J2O

Britvic PLC (LON:BVIC) boasted a “robust” first quarter as talks with bottler Refresco for the potential sale of its French assets are ongoing.

The maker of J2O and Tango said it expects to complete the transaction later this year.

READ: Britvic profits lose fizz as UK sales flatten off

Revenue rose 2.6% to £369.8mln in the three months to 31 December, with management "confident" of achieving market expectations for the year.

The company has also signed a £400mln revolving credit facility expiring in 2025 linked to sustainability targets.

Once these goals are reached, they will reduce the margin to be paid to the lender, which will be donated to agreed charities.

Shares rose 3% to 902p on Friday morning.

--Adds shares--

Quick facts: Britvic PLC

Price: 782 GBX

LSE:BVIC
Market: LSE
Market Cap: £2.09 billion
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