Poor weather pushes Britvic Q4 revenue down by 8.3%

POOR weather and “very challenging macro-economic conditions” pushed fourth-quarter revenue at Britvic Ireland down by 8.3%, on a year-on-year basis.

On a group-wide basis, the British-headquartered soft drinks company — whose financial year runs to the end of October — said that fourth-quarter revenue was up by 0.3%, year-on-year; with full year revenue rising by 14.6% to just under £1.3 million (€1.5m). The company’s Irish operations — basically comprising of the former soft drinks arm of C&C, which it acquired in 2007 and featuring products like Robinson’s, MiWadi, Ballygowan and Club — however suffered along with the total soft drinks market here.

For the full year, Britvic said that revenue at its Irish division is down by 9.6% on the previous 12 months.