Britvic Plc Reports Robust Annual Results Amid Economic Challenges

Britvic Plc has delivered a solid financial performance for the year ending September 30, 2024, despite facing challenging market conditions. The company reported a 9.5% increase in revenue to £1,899 million, driven by both price/mix and volume growth. Adjusted EBIT rose by 15.2% to £250.9 million, reflecting strong consumer demand and effective management strategies.

The acquisition of Britvic by Carlsberg is expected to complete in early 2025, with a special dividend of 25p per share upon completion. The company highlighted its commitment to sustainability, with significant investments in decarbonisation and water stewardship initiatives. Britvic's Healthier People initiative focuses on producing low-calorie drinks and fostering an inclusive work culture.

Operational highlights include robust growth in Brazil with high double-digit revenue increases, and scaling up of new growth brands like Plenish and London Essence. Overall, Britvic's strategic focus on sustainability and brand expansion underscores its potential for continued success.