The Britvic Board is declaring an interim dividend of 6.5p per share with a total value of £17.4m. The interim dividend for 2021 will be paid on 7 July 2021 to shareholders on record as at 28 May 2021. The ex-dividend date is 27 May 2021. There was no interim dividend paid in the prior year as the decision was deferred until the year-end in order to assess the impact of COVID-19 on the business.
Other financial highlights include:
Revenue decreased 6.3% to £617.1m (reported -11.7%)
Adjusted EBIT decreased 15.4% to £60.1m (reported -20.6%), statutory EBIT declined 16.7%
Adjusted EBIT margin decreased 110bps to 9.7% (reported -110bps)
Profit after tax decreased 14.7% to £33.2m
Adjusted earnings per share decreased 20.0% to 15.2p, basic EPS declined 15.6% to 12.4p
Disciplined cash management with adjusted net debt £94.3m lower year-on-year and adjusted net debt / EBITDA leverage ratio peaking at 2.8x