Sales steady at Britvic Ireland in 2016

Sales at drinks manufacturer Britvic Ireland remained steady in 2016, although the company's margin and pre-tax profits fell back.

Revenues rose by 1.5 per cent in the period to October 2nd, 2016, up to €140.1 million at the company, which includes Miwadi, Ballygowan and Robinsons Fruit Shoot in its drinks portfolio. The company’s margin fell back to 42.97 per cent from 45.55 previously. Pre-tax profits fell by 27 per cent to €1.8 million and no dividend was paid.

Britvic Ireland is a subsidiary of Britvic plc, a UK-based and London-listed producer of soft drinks.

According to the company’s Irish accounts, some 71 per cent of the group’s sales were reported in Ireland, followed by the UK (27 per cent) and the rest of the world (3.6 per cent).

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Employee figures at the company rose to 436, from 429 in the year prior. Wage costs rose to €26.8 million, on the back of rising pension costs. This equates to cost per employee of €61,467.

In July, the drinks group said that Irish revenues rose 10.6 per cent in the third quarter of 2017, as the group reported a 6.5 per cent rise in revenues to £384.6 million.