It's happened after a drop in sales in cash-strapped Ireland meant the company was forced to cut the value of its Irish assets. Britvic reported a 21.5% increase in profits to October but the exceptional charge on its Irish division meant the fizz fell flat on its results, leading the company to post a loss of £28.8m - down from profits of £66.2m last year.
Britvic has managed to cope fairly well against the downturn (it increased revenues by nearly 6% pre-acquisition). But its exposure in Ireland, which grew after it bought the rights to 7up and Pepsi in the country in 2007, is no doubt causing a headache. Furthermore, the drinks maker also faces rising input costs after a rise in the cost of plastic. Meanwhile a shortage of apples (blamed on a renewed Chinese enthusiasm for the fruit, which has apparently skyrocketed. Who knew?) has also led to prices rising for one of its vital ingredients. The company has a tough year ahead, but if it can manage to avoid prices rising for consumers then it might just survive against its more expensive competitors.