Ireland good for Britvic in H1
Set against a soft drinks market here growing at just over 1%, volumes were up 1.2% at Britvic Ireland which recorded a 4.1% revenue increase year-on-year to £62.9 million (€82.1m) from £61.7 million (€80.5m at constant exchange rate) for the first half of the group’s financial year ending on 10th April.
“An 18-month programme of product innovation in the low and no sugar beverage category – to coincide with consumer trends for a broader choice of better for you products – has contributed to this positive momentum in H1,” noted the Irish division of Britvic plc.
Overall, the parent company recorded revenue up 5.1% (4.3% based on Actual Exchange Rates) to £678 million for its own H1 to April 10th from £650 million for H1 2015.
Pre-tax profits were up 6.9% to £54.5 million.