Britvic (LSE: BVIC)

Currency in GBP

Last close As at 04/02/2023

GBP7.79

5.50 (0.71%)

Market capitalisation

GBP2,019m

Britvic is a soft-drink beverage company with headquarters in the UK. The company participates in the marketing and manufacturing of popular brands including PepsiCo in Great Britain and Ireland. Britvic also has operations in France, Brazil and selected other EU markets.

Latest Insights

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Consumer

Britvic — Strong growth despite headwinds

Consumer

Britvic — Strong growth despite headwinds

Consumer

Britvic — Positive momentum

Consumer

Britvic — Positive momentum

Sector

Consumer

Equity Analyst

Sara Welford

Sara Welford

Director, Consumer

Key Management

  • Joanne Wilson

    CFO

  • Simon Litherland

    CEO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 1.7 6.7 (15.0)
Relative (3.7) (3.1) (15.9)
52 week high/low 940.0p/707.5p

Financials

Britvic reported strong double-digit revenue growth across all business units in FY22, reflecting brand resilience despite significant headwinds. Trading benefited from a full year with no COVID-19-related restrictions and hot weather during the summer. Performance was boosted by balanced growth in volume and price, as management mitigated the significant cost inflation in the year through price rises and efficiency initiatives. As such, adjusted EBIT was up 17% while adjusted EPS grew 29.3%. The dividend per share increased 19.8% to 29p. Despite the more challenging macroeconomic environment, management notes no slowdown in consumer demand, with current trading in line with expectations. Although current headwinds on costs and consumer spend are expected to persist into FY23, management believes it is well positioned to navigate these challenges successfully.

Research

Consumer

Britvic — Positive momentum

Consumer

Britvic — Positive momentum

Consumer

Britvic – executive interview

Consumer

Britvic — Emerging stronger

Consumer

Britvic — Emerging stronger

Thematics

Consumer

ConsumerWatch – January 2023

Consumer

ConsumerWatch – October 2022

Consumer

IPO apocalypse

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