Britvic after-tax profits up 10.3%

Soft drinks group Britvic reports another year of strong results for the 53 weeks ended 2 October with revenues up 10.1% to £1,431.3m.

Pre-exceptional EBITA increased 8.4% to £186.1m. Like-for-like revenue increased 0.4% and like-for-like pre-exceptional EBITA increased 3.8% to £178.8m.

Profit after tax increased 10.3% to £114.5m.

Adjusted earnings per share increased 6.5% to 49.3p and the full year dividend per share of 24.5p, is up 6.5%.

Chief executive Simon Litherland said: "Britvic has delivered another strong set of results in challenging market conditions. In our core markets, we continued to take market share with a particularly strong carbonates performance. Internationally, we have had an excellent first year in Brazil and Fruit Shoot continued to grow in France, USA with the launch of multi-pack, and latterly in Brazil following its recent launch in Sao Paulo.

"We are confident we will mitigate inflationary input costs through a combination of revenue management activities and internal cost saving initiatives. The new financial year has started well and although 2017 will be another challenging year, we expect to deliver pre-exceptional EBITA in line with current market expectations."