The Britvic Board are recommending a final dividend of 21.7 pence per share, an increase of 6.9% on the dividend declared last year, with a total value of £57.3m. The full year dividend is 30.0p, representing a year-on-year increase of 6.4%. The final dividend for 2019 will be paid on 5 February 2020 to shareholders on record as at 6 December 2019. The ex-dividend date is 5 December 2019.
Other financial highlights include:
Revenue increased 1.4% (reported +2.8%) to £1,545.0m
Adjusted EBIT increased 4.4% (reported +3.9%) to £214.1m
Adjusted EBIT margin increased 40bps (reported +20bps)
Profit after tax decreased 30.9% to £80.9m, due to adjusting items of £84.6m, including write down of France assets
Adjusted earnings per share increased 6.2% to 59.8p.
Significant improvement in adjusted FCF, an increase of £51.0m to £116.0m