Revenues up 8.3% at Britvic Ireland
Despite a period of prolonged hot weather coinciding with a carbon dioxide shortage and the introduction of the Sugar Tax here, Britvic Ireland reported revenues of €196 million (£174m) in the year to the 30th September, up 8.3% (at constant exchange rates) on the €174 million (£154.7m) figure for the previous year.
5 December 2018 | 0
Its preliminary results for the year show brand contribution was also up 13.3% (constant exchange rates) to €64.3 million (£57.1m) from €56 million (£49.6m).
According to Britvic plc’s Chief Executive Simon Litherland’s Strategic Overview of the results, “The incremental benefit of the East Coast wholesale acquisition was fully realised in the first half of the year. This acquisition has enabled us to accelerate the distribution of Britvic brands in the growing Dublin on-trade sector”.
Revenues at Britvic plc itself were up 2.7% organically to £1.5 billion in the year from £1.43 billion the previous year, leading to pre-tax profits of £145.8 million.