Britvic Ireland sales volumes up

Sales volumes at Britvic Ireland were up 2.6% in the year according to Britvic plc’s preliminary results for year ended 27th September 2015, published today.

However revenues were down 6.2% to €170.8 million (£120.4m) from €182.0 million (£128.3m) the previous year.

On a constant exchange rate basis, revenues grew 1.3%.

Poor Summer weather was blamed for a decline in Q4 following three successive quarters of growing revenue.

“The soft drinks market continued to be very competitive with deflationary pressure,” according to the Chief Financial Officer’s Review, “Whilst the market was challenging we outperformed the market, gaining both volume and value share, with our own brand portfolio performing particularly well. The Counterpoint business also performed well.”

Centrally, Britvic plc revenues fell 3.3% to £1.3 billion (from £1.34bn)  or 0.6% on constant currency basis.

However pre-tax profits were up 10.6% to £147 million from £133m.

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