Revenues down at Britvic Ireland
Revenues at Britvic's Irish division fell by 11.1 per cent in its third quarter due to lower volumes and prices.
The soft drinks maker, whose brands include MiWadi and Ballygowan, said volumes were down 7.6 per cent while the average realised price for products declined by 4.2 per cent.
Britvic Ireland currently employs about 600 people in Ireland, having reduced its headcount by 100 last year.
The Britvic group today announced quarterly revenues which were 5.1 per cent lower due to bad weather and a recall of its Fruit Shoot products in the Uk and France earlier this month.
The group said UK revenues were down by 6.9 per cent with volumes falling by 7.1 per cent. Revenues at the group's French subsidiary rose by 4.3 per cent despite volumes declining by 2.4 per cent. International revenues were down 1.3 per cent.
Britvic, which also owns the popular Robinsons, 7Up, Pepsi and Tango brands, said it expects full-year group capital expenditure to be approximately £50 million (€63 million) following the Fruit Shoot recall.
The group said last week the recall was likely to cost up to €19 million.