Britivic increases its 2015 full year dividend by 10%

DividendMax Ltd.

Britivic increases its 2015 full year dividend by 10%

Group Financial Headlines:

Slight revenue decline of 0.6% to £1,300.1m, with volume(3) growth of 0.9% and ARP decline of 1.5%

Growth in EBITA of 7.1% to £171.6m, with an EBITA margin increase of 100bps

Continued disciplined cost management enabling investment in long-term growth drivers

Underlying free cash inflow of £89.3m, ahead of last year

Underlying adjusted earnings per share (EPS)(11) is 46.7p, 12.0% up on last year, which when including the impact of the share placement gives an adjusted EPS of 46.3p, up 11.0% on last year

Further reduction in underlying adjusted net debt(13) to £351.7m, EBITDA ratio reducing from 1.9x to 1.7x

Full year dividend of 23.0p, up 10.0% on last year, reflecting earnings growth and robust cash generation

Strategic highlights:

2013 strategic cost initiatives now complete

Business capability programme announced to drive further cost savings, commercial benefits and margin expansion

Fruit Shoot USA multipack launch confirmed for H1 calendar 2016, with initial listings secured

Ebba acquisition completed, providing access to world's second largest liquid dilutes market

53-week 2016 EBITA guidance in the range of £180m to £190m, including Brazil

Companies mentioned