The Britvic Board is proposing an interim dividend of 9.5p per share, with a total value of £23.6m. The interim dividend for 2024 will be paid on 5 July 2024 to shareholders on record as of 31 May 2024. The ex-dividend date is 30 May 2024.
Other financial highlights include:
- Revenue increased 11.2%1 to £880.3m (reported increased 10.9%)
- Adjusted EBIT increased 17.7%1 to £100.4m (Actual Exchange Rate (AER) increased 17.7%), reported EBIT increased 15.2%
- Adjusted EBIT margin increased 60bps to 11.4% (reported increased 70bps)
- Profit after tax increased 10.1% to £59.9m
- Adjusted earnings per share of 27.0p, up 18.5%
- Adjusted net debt/EBITDA of 2.3x, up 0.1x due to Brazil acquisition
- Third share buyback programme announced today, of up to £75m executed over the next 12 months
