Group Financial Headlines:
Slight revenue decline of 0.6% to £1,300.1m, with volume(3) growth of 0.9% and ARP decline of 1.5%
Growth in EBITA of 7.1% to £171.6m, with an EBITA margin increase of 100bps
Continued disciplined cost management enabling investment in long-term growth drivers
Underlying free cash inflow of £89.3m, ahead of last year
Underlying adjusted earnings per share (EPS)(11) is 46.7p, 12.0% up on last year, which when including the impact of the share placement gives an adjusted EPS of 46.3p, up 11.0% on last year
Further reduction in underlying adjusted net debt(13) to £351.7m, EBITDA ratio reducing from 1.9x to 1.7x
Full year dividend of 23.0p, up 10.0% on last year, reflecting earnings growth and robust cash generation
Strategic highlights:
2013 strategic cost initiatives now complete
Business capability programme announced to drive further cost savings, commercial benefits and margin expansion
Fruit Shoot USA multipack launch confirmed for H1 calendar 2016, with initial listings secured
Ebba acquisition completed, providing access to world's second largest liquid dilutes market
53-week 2016 EBITA guidance in the range of £180m to £190m, including Brazil
