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Drinks

Britvic Sees Return to Growth in Ireland

By Steve Wynne-Jones

Soft drinks company Britvic says its Irish business returned to profit in its full-year trading ending 27 September.

Volume rose by 2.6 per cent for the makers of MiWadi, Ballygowan, Fruit Shoot and Club, leading to a revenue increase of 1.3 per cent. Average price was down one per cent, however.

According to the Irish Times, the group has seen a slowdown in performance in the latter stages of 2015 and early 2016 trade, as poor weather hits sales. However, it is still predicting to grow in 2016.

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Speaking about the results, Britvic's chief executive Simon Litherland said: “The market remained subdued and deflationary; however, we gained market share, testament to the strength of our brands in Ireland.”

The group predicts pre-tax earnings in 2016 to be in the range of €254 to €268 million.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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