British soft drinks company Britvic has today reported higher first-quarter revenue, driven by sales of low sugar and fruit-based beverages.
Britvic, whose brands include Robinsons, Ballygowan, Tango, J2O and Fruit Shoot, said revenue rose 4.5% to £352.4m in the quarter.
The FTSE 250 company is adapting to changing preferences of consumers as they opt for low sugar and healthier drinks and dealing with Britain's sugar tax levy that came into force last April.
It is also fending off competition from Nichols and Refresco by adding citrus variants to its portfolio.
"Overall, we view this as a solid update and as a result there is no change to our positive view on the stock underpinned by a strong low-sugar focused portfolio of brands," said Goodbody analyst Patrick Higgins.
Britvic's chief executive Simon Litherland said the firm was confident of making further progress in 2019.