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Britvic plc released its preliminary financial results for the year ended September 30, 2024, highlighting strong financial performance and growth across key metrics. The company reported a 9.5% increase in revenue to £1,899.0 million, driven by both volume and price/mix growth. Adjusted EBIT rose by 15.2% to £250.9 million, with an adjusted EBIT margin of 13.2%. Profit after tax increased by 1.8% to £125.8 million, and adjusted earnings per share rose by 13.9% to 69.5p. The company also reported a free cash flow of £85.5 million and maintained a stable adjusted net debt/EBITDA ratio of 1.98x.
The companys performance was driven by strong demand for its portfolio of family-favorite brands, including Pepsi, Tango, Lipton, MiWadi, and Ballygowan. Britvic also saw a step-change performance in Brazil, with established and acquired brands delivering high double-digit revenue growth. The company successfully scaled its new growth brands, Plenish, Jimmys, Aqua Libra, and London Essence, and increased A&P spend by 30.9% to support long-term brand growth.
Britvic continued its focus on sustainability, investing in decarbonization and water stewardship programs, and promoting healthier choices with low-calorie drinks, averaging only 21 calories per serve.
The companys CEO, Simon Litherland, expressed pride in the teams achievements and confidence in the future prospects for Britvics brands and people.