Britvic increases 2014 interim dividend by 13%

DividendMax Ltd.

Britvic increases 2014 interim dividend by 13%

Financial highlights:

·      Revenue growth of 4.7% to £670.7m, with volume growth of 3.9% and ARP growth of 0.8%

GB revenue up 5.0%, outperforming the GB take-home soft drinks market

France revenue up 7%, with both volume and ARP growth

Ireland revenue down 5.2% as the consumer environment remained difficult

·      Group EBITA of £60.5m, up 12.9% on last year, driven by revenue growth and tight cost control

·      Half-year adjusted EPS of 14.5p, up 16.9% on last year

·      Interim dividend of 6.1p, up 13.0% on last year, reflecting confidence in future prospects


Strategic highlights:

·      Focus has remained on building sustainable profit and margin improvement

·      Strong progress on strategic cost initiatives: on-track to deliver £30m annual cost saving by 2016

·      New operating model established with significant change programme nearing completion

·      Nationwide distribution of Fruit Shoot in the USA secured through additional PAB territories and new independent bottler agreements

·      Fruit Shoot India launch on track, with in-market production to commence imminently

Companies mentioned