Britvic revenues at Irish arm fall 5%

Revenues at the Irish operations of international soft drinks group, Britvic fell by over 5% year-on-year in the first half of its current financial year.

Published yesterday, the Britain-based group’s interim figures — covering the 28 weeks to the middle of April — showed overall revenue growth of 4.7% to £670.7m (€826.4m), with sales up in its British, French and international arms. Ireland was its only regional division to show a drop in sales. Britvic Ireland — which had seen 2% sales growth in the first quarter — saw a 5.2% year-on-year revenue reduction to £64.2m for the half year.

“Market conditions in Ireland have remained difficult, with consumers continuing to seek value amid a competitive trading environment. Modest volume growth has been outweighed by the impact of promotional activity and channel mix,” the company said.