Britvic plc Reports Strong Interim Financial Results for 2024

Britvic plc announced its interim financial results for the six months ending March 31, 2024, demonstrating substantial growth in both revenue and earnings. The company reported an 11.2% increase in revenue reaching £880.3 million, alongside an adjusted EBIT rise of 17.7%, amounting to £100.4 million.

Net profit after tax also showed an increase, rising by 10.1% to £59.9 million. Furthermore, Britvic raised its interim dividend by 15.9% to 9.5p per share. The company highlighted strong consumer demand leading to a 4.4% increase in volume across its brands, including Pepsi MAX and Lipton. Britvic's CEO, Simon Litherland, expressed confidence in the company's growth trajectory, backed by sustained investment in brand development and market expansion, particularly in Brazil and new segments like Plenish.

Along with these financial achievements, Britvic announced a new share buyback program valued at £75 million to be executed over the upcoming 12 months. The company's strategic financial management has enabled continued investment in marketing and product innovation which contributed to these positive results.