Britvic makes light of revenue decline

Soft drinks manufacturer Britvic has reported another positive quarter for its Irish operations, saying like-for-like revenues for the three months to the end of December grew 2.1% to £34m (€41.2m).

On a reported basis, however, Britvic Ireland’s revenues for the period, which represents the company’s first quarter, fell 5.8%. This, though, was due to a change in reporting mechanisms for the Irish unit, which shortened the number of trading days measured by eight days.

Britvic Ireland’s changed accounting periods are a direct result of its recent integration with its UK operations.