Britvic reports fiscal H1 pretax earnings of £37.1M, up 13% from year-ago period as revenue rises 4.7% to £670.7M

Nevin Barich

Nevin Barich

May 21, 2014 – Britvic PLC

LONDON , May 21, 2014 (press release) – Britvic plc announces its interim results for the 28 weeks ended 13 April 2014(1)

All numbers quoted are on a constant currency basis and are pre-exceptional and other items, unless otherwise stated.

Financial highlights:

Revenue growth of 4.7% to £670.7m, with volume growth of 3.9% and ARP growth of 0.8%

GB revenue up 5.0%, outperforming the GB take-home soft drinks market

France revenue up 7%, with both volume and ARP growth

Ireland revenue down 5.2% as the consumer environment remained difficult

Group EBITA of £60.5m, up 12.9% on last year, driven by revenue growth and tight cost control

Half-year adjusted EPS of 14.5p, up 16.9% on last year

Interim dividend of 6.1p, up 13.0% on last year, reflecting confidence in future prospects

Strategic highlights:

Focus has remained on building sustainable profit and margin improvement

Strong progress on strategic cost initiatives: on-track to deliver £30m annual cost saving by 2016

New operating model established with significant change programme nearing completion

Nationwide distribution of Fruit Shoot in the USA secured through additional PAB territories and new independent bottler agreements

Fruit Shoot India launch on track, with in-market production to commence imminently

For the full announcement please click here

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