Britvic confident it can navigate cost inflation headwinds
"We continue to generate strong cash flow and have increased the interim dividend by 20%," said CEO Simon Litherland
Company
Britvic PLC
LON:BVIC
Britvic is a United Kingdom-based manufacturer and distributor of soft drinks. The Company’s portfolio of brands includes names, such as 7UP, Ame, Britvic 55, J20, drench, Gatorade, Idris, Pennine Spring, Pepsi, Purdey’s, Red Devil, Shandy Bass, Tango and Lime Grove.
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Britvic sales pop higher but inflationary pressures persist
“While we continue to experience inflationary pressures, our focus remains on minimising the impact on our business," said chief executive Simon Litherland
Britvic third quarter boosted by UK reopening
Full-year profit is expected within current market expectations, the juice and mixers drinks group said.
Britvic plans to launch new drinks to build on pandemic share gains
The drinks producer is also waiting for the out-of-home channel to recover
Britvic posts 10% quarterly revenue decline with slow recovery ahead
The group's performance will continue to be significantly affected throughout the second quarter amid coronavirus restrictions
Britvic continues to feel COVID-19 pressure
The firm confides in the resilience of the soft drinks category
Britvic extends relationship with PepsiCo by 20 years
All plastic bottles in the UK will be made from 100% recycled plastic by the end of 2022, three years earlier than originally planned
Brtivic cautious over pace of recovery in soft drinks as sales drop
Coronavirus (COVID-19) restrictions are still costing it a net £12mln to £18mln per month
Britvic hit across the board by coronavirus restrictions
The drinks producer confirmed the impact on earnings has been £12-18mln per month as announced in March
Britvic dividend in doubt as it forecasts £18mln hit to monthly earnings from coronavirus crisis
The soft drink and fruit juice maker said the pandemic is expected to “significantly affect consumption” and it expected a “material impact” on revenue and earnings in 2020
Britvic secures £400mln credit facility linked to sustainability goals
The facility's margin will be cut if the soft drinks producer meets at least two targets, with proceedings donated to charity
JPMorgan Cazenove adds small fizz to Britvic shares with upgrade to ‘overweight’ from ‘neutral’
“With the uncertainty around the UK market and Christmas trading behind us following a good Q1, we believe the market can focus on the increasing quality of the growth and cash flows”
Britvic cheery after “robust” start of the year
Revenue rose 2.6% to £369.8mln in the three months to 31 December, while talks for the sale of French assets are ongoing
Britvic profits lose fizz as UK sales flatten off
Profit before tax slumped 32% thanks to closing Fruit Shoot operations in the United States and costs related to the proposed sale of the juice manufacturing sites in France
Britvic mulls over bottling facilities sale
The J2O producer would give up three juice manufacturing sites in France, its related private label juice business and the Fruité brand for an undisclosed price
Britvic's shares fall flat after broker downgrades to 'Hold'
The broker also cut its target price for the soft drinks maker to 1,000p from 1,050p
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Britvic on track in spite of domestic challenges
"Overall we have delivered a solid performance against a more challenging backdrop in quarter three,” said chief executive Simon Litherland
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