The Britvic PLC Board is declaring a final dividend of 17.7p per share with a total value of £47.3m, resulting in a full year dividend of 24.2p (£64.6m). This is in line with their stated 50% payout after adjusting EPS for the one-off deferred tax revaluation. The final dividend for 2021 will be paid on 2 February 2022 to shareholders on record as of 17 December 2021. The ex-dividend date is 16 December 2021.
Other financial highlights include:
Revenue increased 6.6% to £1,405.1m (reported -0.5%)
Adjusted EBIT increased 10.0% to £176.5m (reported +6.5%), statutory EBIT increased 23.3%
Adjusted EBIT margin increased 40bps to 12.6% (reported +90bps)
Profit after tax increased 9.1% to £103.2m
Adjusted earnings per share of 44.3p, up 2.5%, impacted by a one-off deferred tax charge of £11.2m
Record free cash flow generation of £132.7m enabling a £31.9m reduction in adjusted net debt
