Britvic undertakes second restructuring

REVENUES at the Irish operations of soft drinks manufacturer Britvic have fallen by 5.2% across its latest financial year and the company is to undertake a second restructuring of its business here in as many years.

In a pre-close trading statement — for the 12 months to this week — the British company, whose Irish division basically consists of the old soft drinks division of C&C, Britvic said revenues here were down by 5.2% year-on-year to £179 million (€202m). The figure is a preliminary one and will be clarified when the company publishes its full annual results in early December.

However, yesterday’s statement added that due to continuous price deflation and challenging trading conditions having an negative impact on the Irish operation’s revenue and operating margins — “this year being particularly difficult” — management has had to begin a second restructuring of the business here.