Ballygowan and MiWadi drive growth at Britvic
Published 22/07/2016 | 02:30
Ballygowan and MiWadi continued to perform strongly for drinks company Britvic in Ireland as revenue at the firm increased by 10.6pc in the third quarter.
Irish revenue reached £33.4m (€39.9m) in the quarter, bringing its overall turnover in Ireland to £96.3m in the year to date. Both the carbonates and still portfolios increased during the three-month period.
Group-wide, Britvic reported revenue of £346.3m, up 5.3pc on the same time last year. However, on an organic basis, revenue dipped 0.7pc.
In the UK soft drinks market value fell by 7.5pc in June due to unusually wet weather in the month.
Britvic chief executive Simon Litherland said the quarter's performance was stronger than in the first half of the year despite tough trading conditions.
"Looking ahead, the decision by the UK to leave the EU creates additional consumer and economic uncertainty whilst the weakening of sterling will place pressure on our input costs.
"However, our strategy to leverage our market leading brands in our core markets, expand internationally, continue to invest in innovation and focus on cost control, means that we are well placed to continue to deliver our long-term strategic priorities and create value for our shareholders," he said.