Britvic has revealed that the Fruit Shoot recall this summer cost the company £16.9m.
The soft drinks company said group EBITA fell 16.5% to £115.6m during the year to the end of September, as a good performance from the Pepsi brand failed to make up for the cost of the Fruit Shoot recall.
The company said it expected £8m of additional costs to come in 2013, taking the total estimated cost of the product recall to £24.9m, which is at the upper end of the £15-£25m range that the company forecast in July.
“This has been a difficult year for the group and the progress that we made was more than offset by the impact of the Fruit Shoot product recall,” said Britvic CEO Paul Moody.
“The Fruit Shoot product recall was regrettable, but necessary in order to protect the safety of our consumers.”
Earlier this month, Britvic and AG Barr agreed to merge to create a £1.5bn soft drinks giant to be called Barr Britvic Soft Drinks.