Soft drinks firm Britvic posts lower revenue due to lockdown

The company, which has a factory in Leeds, also maintained its previous forecast of a monthly hit to profit from the virus outbreak.

Britvic, whose brands include Tango, J2O, Fruit Shoot and Teisseire, said revenue fell 16.3 per cent to £328.9m for the three months to June 30, adding that the quarter showed the full market impact of the lockdown.

Simon Litherland, chief executive of Britvic, said: "As expected, Q3 demonstrates the full market impact of the Covid-19 lockdown.

"We have continued to focus on the clear priorities we set to navigate through the pandemic, which have helped us to manage our business effectively and to deliver a third-quarter performance in line with our expectations .

"I am pleased with both the market share gains and the performance across the channels open to us, however in the near term there remains a high degree of uncertainty about the pace and level of full recovery.

"Looking further ahead, I am confident that the strong momentum we built up going into the pandemic will return, and that our long-term strategy will continue to create value for all our stakeholders."