Britvic posted its interim results for the 28 weeks ended 14 April 2019. Organic revenue increased 1.9% to £769.2m, while organic adjusted EBIT increased 5.0% to £83.7m. Adjusted EPS increased 5.2% to 22.3p and the interim dividend per share increased 5.1% to 8.3p.
The company reports that disciplined revenue management and innovation aided strong ARP improvement. While soft drinks levy in GB accelerated the consumer trend towards the company’s low/no sugar portfolio.
Simon Litherland, Britvic’s CEO, commented: “I am pleased to report that we have delivered another strong performance in the first half of the year. We have grown organic brand contribution in all our markets and increased group revenue, organic margin and adjusted earnings per share. In the second half of the year, we have a range of exciting marketing and innovation plans, and I remain confident that we will achieve full-year market expectations.”