British soft drinks group Britvic has reported continued growth in its Irish operations, with third-quarter revenues — covering the three-month period to the beginning of July — up 10.6%.
The group said both the core Britvic Ireland division and the Counterpoint wholesale arm performed strongly in the period.
“Both the carbonates and stills portfolio revenue increased during the quarter. Ireland has now delivered revenue growth in five of the last six quarters,” it said.
Britvic entered the Irish market meaningfully in 2007 with the takeover of C&C’s former soft drinks division, which housed brands such as Club, Ballygowan and MiWadi.
On a group-wide basis, Britvic grew third quarter revenues by 5.3%, year-on-year, to £346.3m (€415.3m); although results were mixed in the UK and revenues fell by 2% in its traditionally strong market of France.
Its international export business fared better, helped by double-digit revenue growth in the US and strong market share gains in Brazil.
However, management has warned on the effects of the UK’s vote to leave the EU, saying Brexit “creates additional consumer and economic uncertainty whilst the weakening of sterling will place pressure on our input costs.”
That said, Britvic maintained it is still on track to deliver its long-term strategies.
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