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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Britvic plc    BVIC   GB00B0N8QD54

BRITVIC PLC

(BVIC)
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Britvic : posts income slump as virus curbs dent demand

11/26/2020 | 04:33am EST

(Reuters) - British soft drinks maker Britvic on Thursday posted a near 22% slide in adjusted operating income for the year as coronavirus restrictions hurt demand at bars, restaurants, cinemas and other public places.

The company, whose brands include Tango, J2O, Fruit Shoot and Teisseire, has been grappling with a dramatic drop in demand in its out-of-home channels due to COVID-19 lockdowns, with an increase in at-home consumption failing to make up for that shortfall.

"We have started the new financial year with some form of restrictions on either trading and/or the movement of people in all our markets, and this will undoubtedly continue to affect performance," the company said.

Britvic said adjusted earnings before interest and taxes (EBIT) fell to 165.8 million pounds for the 12 months ended Sept. 30, from 214.1 million pounds a year earlier..

The FTSE 250 company's shares, which have dropped 10.4% so far this year, were unchanged at Thursday's market open.

Britvic's results come as a stark contrast to that of Coca-Cola Co, which in October posted stellar quarterly results and said consumers were buying more sparkling soft drinks and juices from grocery stores and online.

(Reporting by Muvija and Jasmine I S in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
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Financials
Sales 2021 1 442 M 1 981 M 1 981 M
Net income 2021 123 M 169 M 169 M
Net Debt 2021 523 M 719 M 719 M
P/E ratio 2021 16,3x
Yield 2021 3,44%
Capitalization 2 042 M 2 804 M 2 804 M
EV / Sales 2021 1,78x
EV / Sales 2022 1,66x
Nbr of Employees 4 460
Free-Float 99,2%
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Technical analysis trends BRITVIC PLC
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Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 905,94 GBX
Last Close Price 761,50 GBX
Spread / Highest target 35,3%
Spread / Average Target 19,0%
Spread / Lowest Target 7,68%
EPS Revisions
Managers and Directors
NameTitle
Peter Simon Litherland Chief Executive Officer & Non-Executive Director
John Patrick Daly Non-Executive Chairman
Rosemary Joanne Wilson Chief Financial Officer & Director
Steve Potts Chief Information & Digital Officer
Ian Philip McHoul Senior Independent Non-Executive Director
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