Group Financial Headlines:
- Group revenue up 1.7% to 641.1m
- Group EBITA down 6.9% to 41.9m, EBITA margin down 60bps due to impact of 2011 higher raw material costs before the implementation of 2012 price increase
- Fixed costs down 3.3% (actual exchange rate)
- Underlying free cash flow improved by 26.6%
- Group adjusted net debt down by 21.6m to 534.4m
- Interim dividend per share up by 3.9% to 5.3p
Group Business Highlights:
- GB revenue growth of 2.4%, led by carbonates +6.7% gaining further market share
- Britvic France revenue up 6.4%, led by strong price growth of 11.5%(7)
- International delivered double-digit revenue growth, driven by US Fruit Shoot and expansion into new states, including Texas, increasing number of US states to 8
- Britvic Ireland, further decisive action taken on costs to mitigate declining top line
