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Britvic PLC (BVIC.L)

BVIC.L on London Stock Exchange

789.50GBp
15 Dec 2017
Change (% chg)

4.00 (+0.51%)
Prev Close
785.50
Open
783.00
Day's High
794.50
Day's Low
780.00
Volume
1,531,905
Avg. Vol
767,576
52-wk High
825.00
52-wk Low
544.50

Latest Key Developments (Source: Significant Developments)

Britvic says ‍FY adjusted EPS increased by 7.3 pct
Wednesday, 29 Nov 2017 02:00am EST 

Nov 29 (Reuters) - BRITVIC PLC ::FY REVENUE ROSE 7.7 PERCENT TO 1.541 BILLION STG.FINAL DIVIDEND UP 10.3 PERCENT TO 19.3 PENCEPER SHARE.FY ‍REVENUE INCREASED 7.7% TO £1,540.8M WITH ORGANIC REVENUE UP 2.5%​.‍FY ADJUSTED EARNINGS PER SHARE INCREASED 7.3% TO 52.9P​.‍FY ADJUSTED EBITA INCREASED 5.1% TO £195.5M, WITH ORGANIC ADJUSTED EBITA UP 5.6%​.FY ‍PROFIT AFTER TAX DECREASED 2.5% TO £111.6M, INCLUDING £24.7M OF PLANNED COSTS RELATED TO BUSINESS CAPABILITY PROGRA​.  Full Article

UK's Unite union asks Britvic to halt proposed closure of Norwich site ‍​‍​
Tuesday, 7 Nov 2017 06:27am EST 

Nov 7 (Reuters) - UK's Unite union::UNITE, GMB HAVE WRITTEN TO INDEPENDENT DIRECTORS OF BRITVIC CALLING ON THEM HALT THE PROPOSED CLOSURE OF THE NORWICH SITE ‍​‍​.  Full Article

Britvic to close Norwich manufacturing site
Tuesday, 3 Oct 2017 02:07am EDT 

Oct 3 (Reuters) - Britvic Plc :Proposed closure of norwich manufacturing site.Today announcing a proposal to transfer production of robinsons and fruit shoot from our norwich site to our manufacturing sites in east london, leeds and rugby.Has 242 employees on site that are affected by this decision.It is anticipated that there will be costs associated with implementation, subject to outcome of consultation process, which are expected to be clarified in britvic's preliminary results release on november 29th.  Full Article

Britvic says Q3 revenue up at 384.6 million pounds
Thursday, 27 Jul 2017 02:00am EDT 

July 27 (Reuters) - Britvic Plc :Q3 revenue 384.6 million stg.Q3 revenue at 384.6m million stg versus 346.3 million stg year ago."on-track to achieve current market expectations".Volume in q3 increased by 2.3 pct and arp increased 2.9 pct.Q3 organic revenue, excluding recent acquisition of bela ischia, increased 4.5 pct with volume and arp ahead of prior year."looking ahead to full year, we remain confident that ebita will be in line with current market expectations".Q3 gb revenue increased 4.9 pct with volume growth of 3.4 pct and arp growth of 1.5 pct.Q3 gb carbonates revenue increased 7.6 pct, led by pepsi max and r whites, with volume growth of 2.7 pct and arp growth of 4.9 pct.Both robinsons and fruit shoot volumes increased, but pricing was weaker due to aggressive competition in grocery.Q3 france revenue increased 11.0 pct with volume growth of 3.9 pct and an arp increase of 6.8 pct.Market conditions in brazil remained challenging.  Full Article

PepsiCo says intention to sell up to all of 4.5% minority stake in Britvic plc - Bookrunner
Thursday, 25 May 2017 11:45am EDT 

May 25 (Reuters) - Bookrunner: :Britvic Plc - PepsiCo, inc says intention to sell up to all of its 4.5% minority stake in bottler Britvic plc.Britvic Plc - shares Britvic in held through PepsiCo's subsidiary, Tropicana United Kingdom Limited.Britvic Plc - Citigroup Global Markets Limited is acting as sole bookrunner in connection with placing.  Full Article

Britvic announces appointment of chairman and board changes
Wednesday, 24 May 2017 02:00am EDT 

May 24 (Reuters) - Britvic Plc ::John Daly, currently senior independent director and chair of remuneration committee, to succeed gerald corbett as Chairman effective Sept 1.Corbett, who has served as chairman of Britvic Plc since Company's flotation in November 2005, will retire from board on 1 September 2017.Ian Mchoul will succeed John daly as senior independent director.Mchoul will remain chair of audit committee and a member of nomination and remuneration committees.Sue Clark will succeed John Daly as chair of remuneration committee.  Full Article

Britvic H1 adjusted eps 18.9p
Wednesday, 24 May 2017 02:00am EDT 

May 24 (Reuters) - Britvic Plc ::H1 revenue rose 11.5 percent to 756.3 million stg.Interim dividend up 2.9 percent to 7.2 penceper share.H1 revenue increased 11.5% to £756.3m.H1 adjusted eps 18.9 pence.H1 pre-exceptional ebita increased 6.7% to £73.6m.H1 profit after tax decreased 4.9% to £38.6m.Interim dividend per share of 7.2p, an increase of 2.9%."Confident that we will deliver full year performance in line with market expectations".  Full Article

Britvic says Q1 revenue up 4.3 pct
Tuesday, 31 Jan 2017 02:00am EST 

Britvic Plc : Trading statement . "Strong start to year, confident of meeting market expectations" . Q1 revenue of £351.0m, an increase of 4.3 pct on prior year . Strong start to year was underpinned by volume growth of 3.9 pct. . " new financial year has started well with group revenue 4.3 pct ahead of last year, continuing good progress we made as a business in prior year" . "encouragingly all our key markets have delivered revenue growth." . "will deliver full year results in line with market expectations." . France revenue increased 6.3 pct with branded portfolio in strong growth, led by fruit shoot and pressade, whilst lower margin private label revenue continued to decline. . Ireland revenue increased 6.4 pct, with both counterpoint and our branded business performing well. . International division reported a 19.8 pct increase in revenue, compared to a 13.8 pct decline in q1 last year and was largely as a result of a 14.1 pct increase in volume . Brazil generated a 7.9 pct increase in revenue, with arp increasing 17.1 pct as we continued to mitigate inflationary input costs. Volume declined reflecting volatile macro environment. .Acquisition of bela ischia remains on-track to complete by end of march and as well as delivering significant cost synergies.  Full Article

Britvic reports about 10 pct rise in FY revenue
Wednesday, 30 Nov 2016 02:00am EST 

Britvic Plc : Final dividend up 7.4 percent to 17.5 pence per share . Fy revenue rose 10.1 percent to 1.431 billion stg . Revenue increased 10.1 percent to 1,431.3 million stg . Like-For-Like revenue increased 0.4 pct . Like-For-Like pre-exceptional EBITA increased 3.8 pct to 178.8 million stg . Profit after tax increased 10.3 percent to 114.5 million stg . Adjusted earnings per share increased 6.5 percent to 49.3 pence . 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.  Full Article

Britvic says Q3 revenue of 346.3 mln stg, up 5.3 pct
Thursday, 21 Jul 2016 02:00am EDT 

Britvic Plc : Britvic has reported quarter three group revenue of £346.3m, up 5.3% on last year. . "Decision by UK to leave EU creates additional consumer and economic uncertainty" . "Weakening of sterling will place pressure on our input costs in GB" . Q3 GB revenue declined 2.0% with volume increasing 1.4% and arp declining 3.4% .Q3 organic volume has increased 1.4% whilst revenue has declined 0.7%..  Full Article

UPDATE 2-Britvic core earnings rise; says well placed to take on sugar tax

Nov 29 Tight cost controls helped Robinsons squash maker Britvic post a 5 percent rise in annual core earnings, and the company said it was well placed to deal with uncertainties stemming from Britain's impending sugar tax.