Strong Q3 trading despite a tough prior year comparable
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To 30 June 2024 |
YOY Revenue Growth (at constant currency) |
||||
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Revenue |
Group |
GB |
Brazil |
Other International |
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Q3 |
£502.9m |
+6.3% |
+6.6% |
+48.1% |
-6.6% |
|
YTD |
£1,383.2m |
+9.3% |
+8.0% |
+38.9% |
+2.1% |
Q3 performance highlights
- Strong Q3 performance, despite poor weather in Europe, with +2.2% volume growth and positive price/mix, resulted in revenue of +6.3% vs a tough prior year comparable of revenue +9.9%.
- In Great Britain, revenue grew +6.6% vs the prior year, with both the retail and hospitality channels in growth.
- In Brazil, revenue grew +48.1% vs the prior year, with both growth from the existing brand portfolio and continued acceleration in energy following the Extra Power acquisition.
- Other International revenue decreased -6.6% vs the prior year. Growth in Ireland was offset by a decline in France and other international markets.
Simon Litherland, Chief Executive Officer commented:
“Trading in the quarter has been strong, with revenue increasing +6.3%, benefiting from both positive price/mix and volume growth, and demonstrating the strength of our portfolio of brands. Encouragingly this was achieved despite poor weather this year and a tough comparable from last year when revenue increased 9.9%.
Demand for our brands remains strong, as we enter the key summer trading period. We have an exciting programme of marketing campaigns, giving us confidence that we will deliver an excellent full year performance.”
For further information please contact:
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Investors: |
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Steve Nightingale (Director of Investor Relations) |
+44 (0) 7808 097 784 |
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Media: |
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Kathryn Partridge (Director of Corporate Affairs) |
+44 (0) 7803 854 229 |
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Stephen Malthouse (Headland) |
+44 (0) 7734 956 201 |