Britvic’s Q1 trading was in line with expectations, with organic constant currency revenue growth of 1.5% excluding the soft drinks levies, and reported revenue growth of 4.5%. With five-year EPS CAGR of 9.8%, DPS CAGR of 8.9% (to September 2018) and debt within the target range, this is a textbook consumer staples company. During FY19, the business capability programme is due to be completed, bringing higher capacity and increased flexibility to the company. Trading at 10.1x consensus
04 Feb 2019
Britvic - A steady start to the year
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Britvic - A steady start to the year
Britvic plc (BVIC:LON) | 822 4.1 0.1% | Mkt Cap: 2,051m
- Published:
04 Feb 2019 -
Author:
Sara Welford -
Pages:
2
Britvic’s Q1 trading was in line with expectations, with organic constant currency revenue growth of 1.5% excluding the soft drinks levies, and reported revenue growth of 4.5%. With five-year EPS CAGR of 9.8%, DPS CAGR of 8.9% (to September 2018) and debt within the target range, this is a textbook consumer staples company. During FY19, the business capability programme is due to be completed, bringing higher capacity and increased flexibility to the company. Trading at 10.1x consensus