Britvic still has a "robust" business model, but may take some time to recover from its recent troubles, an analyst has said. 

Earlier today (11 July), Britvic warned that the recall of its Fruit Shoot and Fruit Shoot Hydropacks in the UK, announced last week, could hit its profits by up to GBP25m (US38.9m). The group also expects to deliver full-year results "at the bottom end of market expectations", caused by poor trading conditions, particularly the UK's bad weather. 

Subsequently, analysts Nomura said that it is cutting its FY 2012 estimates by 14% due to the announcement.

However, it added: "In the medium term, we still see a robust business model - 4% to 6% revenue growth in GB, comprising 2% to 3% volume growth". But it warned the "robust" model "may take some time to become visible again".

Analysts Panmure Gordon said it has reduced its forecasts by 25% for Britivic's FY and downgraded the stock from "hold" to "sell".