Britvic Ireland Revenues Down 5.3%
Britvic Ireland recently saw revenues decline by 5.3% to £81.9 million, in the six months ending April 28. The company has said that the Irish market is still challenging due to the recessions impact on consumer spending, as volumes decreased 7% to 106 million litres. Recently the company had pushed through price increases of 3.9% per litre.
This was the first price increase from the company in the Irish market for a number of years. The increase has been attributed to the rising price of sugar, tin and other items.
Britvic whose brands include Ballygowan water, Club, Mi Wadi and J2O noted that it’s ‘stills’ range preformed well. The company has seen a revenue growth of 4% in its UK division due to a strong performance in the second quarter.
‘We are focused on executing a strong programme of innovation and brand activity throughout the group and trading in the first few weeks of the third quarter provides the board with further confidence in the outlook for the balance of the year,’ commented Britvic’s chief executive Paul Moody.
Britvic international’s revenues jumped by 24%, on the back of the successful roll-out of Fruit Shoot in Australia and its growth in its US presence. Britvic France also reported double-digit revenue growth. The company, which also owns the 7up and Robinsons brands, said it expects to increase profits in the second half of the year as it benefits financially from restructuring programmes.
