The Britvic Board is recommending a final dividend of 21.6 pence per share, with a total value of £57.7m, maintaining our 50% pay-out policy. The final dividend for 2020 will be paid on 3 February 2021 to shareholders on record as at 18 December 2020. The ex-dividend date is 17 December 2020.
Other financial highlights include:
Revenue decreased 6.8% to £1,412.4m (reported -8.6%)
Adjusted EBIT decreased 21.9% to £165.8m (reported -22.6%),
Adjusted EBIT margin -230bps to 11.7% (reported -220bps)
Profit after tax increased 16.9% to £94.6m
Adjusted earnings per share decreased 27.8% to 43.2p
Disciplined cash management enabling a £45.8m reduction in adjusted net debt