Britvic’s CEO Moody Says Restructuring in Ireland Finished

Britvic Plc (BVIC) Chief Executive Officer Paul Moody said restructuring at its Irish business has been completed and full-year restructuring costs aren’t expected to exceed the 10 million pounds ($16.4 million) flagged in March.

“Given the program that we’ve operated, that is the conclusion of the exceptional items in relation to the Irish restructuring,” Moody said in a call with reporters.

Britvic said today it recorded a 7.5 million pound restructuring charge for its Irish business in the 28-week period ended April 17. Moody said he expects to take the remaining 2.5 million-pound charge in the second half.

To contact the reporter on this story: Finbarr Flynn in Dublin at fflynn3@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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