Britvic is to restructure its Irish business against a backdrop of declining sales in the country.
The soft drinks giant said Ireland continued to represent a “difficult consumer environment” as local revenues dropped by 5% over the past year.
But total group sales at the Tango maker were up more than 16% on last year to £1.14bn, buoyed by double-digit growth in both sales and volumes for its British carbonates business.
Volumes up more than 10% outperformed market growth of just 2.1% for carbonates in Britain, with Britvic citing the launch of Mountain Dew Energy as a factor in the increase.
Its portfolio of still drinks, which include the Robinsons brand, saw volumes rise 3.5%.
The company said integration of its French business would be finished in the next few months, with the £200m acquisition of Fruite Enterprises in May having boosted revenues by £85.2m.
Chief executive Paul Moody also predicted “another robust set of results for the year ahead”.
“Britvic has delivered another strong revenue performance in 2010, maintaining our track record of consistent growth,” said Moody. “We have outperformed key markets, which continue to prove resilient despite the uncertain consumer environment.”
He added: “We are delighted with both the trading performance and integration of Britvic France, and our action in Ireland will put our business model in optimal shape ahead of eventual market recovery.”
Britvic hands Eddie Stobart major distribution deal (5 October 2010)
Fruité swoop boosts Britvic Euro sales (23 July 2010)