Britvic increases its 2016 interim dividend by 4.5%

DividendMax Ltd.

Britvic increases its 2016 interim dividend by 4.5%

Group Financial Headlines:

H1 revenue increased 5.1% to £678.0m and 4.3% based on actual exchange rates (AER)

o Organic revenue (excluding Brazil) declined 1.8%

o EBITA increased 7.1% to £69.0m and 6.6% (AER), organic EBITA increased 3.1%

o EBITA margin improvement of 20bps, organic EBITA margin up 60bps

Profit after tax increased 7.5% to £41.7m

Adjusted earnings per share increased 6.1% and 5.5% (AER)

Interim dividend of 7.0p, an increase of 4.5%

Adjusted net debt to EBITDA ratio improved 0.2x on last half-year to 2.0x

Full year EBITA guidance remains unchanged at £180m to £190m

Companies mentioned