Britvic sees Irish quarterly revenue fall by 1.4%
Drink maker’s Irish arm was only division to post lower revenues
The drink maker’s Irish arm was the only one to post lower revenues in its third quarter results, with overall group revenues increasing by 5.4 per cent during the period.
Britvic produces lines such as Tango and Robinsons in the UK and Ballygowan, Club and Miwadi in Ireland.
The company said Irish revenue from its own brands was up on the back of a 3 per cent increase in average prices.
However, overall revenue in Ireland was down due to the continued decline of the third-party brands in the licensed wholesale business, it said.
The company noted the take-home soft drinks market here was down by 4.5 per cent in volume and down 3.3 per cent in value during the last 12 weeks.
Revenue for the year to date was 5.8 per cent down at £96.4 million (€112 million).
In Britain, revenues rose 4.4 per cent to £211.1 million, while in France revenue increased by 9.3 per cent to £66 million.
Overall group revenue rose 5.4 per cent to £316 million during the quarter.