date:May 28, 2012
oft drinks.
Although Pepsi volume and value shares grew (Britvic is PepsiCo's bottler in Great Britain (GB) and Ireland) carbonate margins declined due to high raw material costs, while in GB Stills volumes fell 4.2% to 234m litres, as did revenue (168.8m: -3.6%) due to adverse channel and product mix.
Britvic grabs its stetson...
Moody said Britvic completed due diligence in H1 2012 on a potential acquisition in continental Europe, but felt unable to proceed due to the transactions complexit