- Britvic’s profit after tax was GBP125.8 million, which fell short of the estimated GBP159.3 million.
- The company reported revenue of GBP1.90 billion, an 8.6% increase year-over-year, but slightly under the forecasted GBP1.91 billion.
- Adjusted EBIT came in at GBP250.9 million, marking a 15% increase from the previous year and surpassing the estimated GBP247 million.
- The adjusted EBIT margin improved to 13.2% from 12.5% year-over-year.
- Adjusted earnings per share (EPS) were 69.5p, up from 61.0p the previous year and above the estimated 67.1p.
- Pretax profit reached GBP173.2 million, missing the estimate of GBP205.2 million.
- The full-year dividend was set at 34.5p, which includes a special dividend of 25 pence per share anticipated post the completion of Britvic’s acquisition by Carlsberg.
- The acquisition by Carlsberg is expected to be completed in the first quarter of 2025.
- Market analysts have given Britvic 2 “buy” ratings and 7 “hold” ratings, with no “sell” ratings.
Britvic PLC on Smartkarma
Independent investment analyst coverage of Britvic PLC on Smartkarma by Jesus Rodriguez Aguilar has been insightful. In the report titled “Carlsberg/Britvic: And The Third Proposal Arrived,” it is highlighted that Carlsberg and Britvic PLC have agreed on a 1,315p/share offer ahead of the PUSU deadline. This offer, representing a 5% increase, is seen as capturing synergies for shareholders, with the spread reported at 3.98%/5.93% (gross/annualised). The analysis suggests that the offer price aligns well with the bullish case, indicating that Britvic’s shareholders may benefit from the synergies.
In another report, “Carlsberg/Britvic: Awaiting a Third Proposal,” Jesus Rodriguez Aguilar notes that Carlsberg’s announcement of an interim 1250p proposal, with potential for further increase, has contributed to a positive sentiment. The report emphasizes the potential for an improved offer exceeding 1,300p, with shares currently pricing a 72% probability of deal success. The analysis indicates confidence in Carlsberg presenting a better offer, emphasizing a positive outlook on the situation.
A look at Britvic PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have identified Britvic PLC as a company with a promising long-term outlook. With a strong momentum score of 5, Britvic is displaying positive signs of growth and market traction. This momentum factor suggests that the company is gaining speed in various aspects of its operations, potentially leading to continued success in the future.
Furthermore, Britvic PLC has been recognized for its growth potential, scoring a 4 in the growth category. This indicates that the company is well-positioned to expand and increase its market share over the long term. Combining this growth potential with a solid dividend score of 3, investors may find Britvic to be an attractive option for both growth and income opportunities in the beverage industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
