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Britvic said the recall of its Robinsons Fruit Shoot and Fruit Shoot Hydro drinks could cost the company up to 25 million pounds. Added to this, poor weather conditions and weak consumer sentiment means the group now expects to deliver a full year results at the bottom end of market expectations - before taking account of the impact of the recall. Britvic said it had been unable to quickly resolve issues around a newly designed cap on Fruit Shoot, a popular children's drink. The bottles were recalled last week "as a precautionary measure...due to a packaging safety issue" the company said at the time. It will now take Britvic six weeks to start re-supplying customers and up to six months to get distribution back to full speed. "We believe this will now have an impact on the group profit before tax in the region of £15m to £25m across the current and next financial year," the company said. "This includes an anticipated impact in 2013 financial year of between £5m and £7m."
topped up today at £2.54 bargain basement price, bvic needs one of two things 1 , a good summer (no chance ) 2 , a takeover at this price more than possible . further update on 19 th july http://ir.britvic.com/news/news/2012/11-07-2012.aspx
Panmure Gordon has downgraded its recommendation for soft drinks group Britvic from 'hold' to 'sell' and slashed its target price from 350p to 250p after Wednesday's trading update which saw the stock drop by 15 per cent. Britvic has said the recall of its Robinsons Fruit Shoot and Fruit Shoot Hydro drinks could cost the company £15-25m, up from earlier guidance of just £1-5m. Added to this, poor weather conditions and weak consumer sentiment means the group now expects to deliver a full year results at the bottom end of market expectations - before taking account of the impact of the recall.
thanks for the info guys. I bought this share and I'm at a 20% loss. Bought because I believe Britvic might do well with bottled water when the water tax comes into Ireland. Very hard to know anymore - but will keep holding for now! GLA
Britvic: Nomura cuts target from 425p to 375p, buy rating kept.
Dow Jones reported that Britvic Plc has started a precautionary recall of all Robinsons Fruit Shoot and Fruit Shoot Hydro packs, featuring the new design cap, due to a potential packaging safety issue and that it estimates it will cost the company between GBP1 million and GBP5 million to pretax profit in the current year. This recall does not affect Fruit Shoot in the U.S., Australia or Republic of Ireland. Fruit Shoot My-5 is not being recalled. No other Robinsons products are affected.
http://www.guardian.co.uk/media/video/2008/may/08/thunderbirds.britvic.ad
Britvic held its latest Investor Seminar on Wednesday, 28th March 2012, here are some information: Presentation: http://ir.britvic.com/~/media/Files/B/Britvic-IR/Attachments/pdf/presentation/2012/investor-seminar-2012? Also, Here's a couple of links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?threadid=252803 http://www.euroinvestor.com/community/discussionthread.aspx?threadid=253089
http://ir.britvic.com/video-library/overview-britvic-ireland.aspx
http://ir.britvic.com/video-library/overview-britvic-france.aspx
Paul Moody, Chief Executive, commented: "Our GB, French and International business units have again delivered positive revenue growth and we continue to compete strongly and effectively in each of our markets. We expect the general economic and trading environments to remain challenging but, despite this caution, we are confident in our ability to deliver another solid set of results for the year ahead, in line with our expectations."
Britvic plc ("Britvic") Quarter 1 Interim Management Statement 25th January 20121 · Group Q1 revenue increased by 2.5%, driven by growth in GB, France and International · GB take-home channel share gain · Strong carbonates revenue growth, led by substantial Pepsi share gain · Continued double-digit revenue growth in France, driven by pricing growth · Pension funding partnership will be successfully implemented by end of January 2012 GB revenue grew by 2.8%. Britvic achieved take-home market volume and value share gains in the important Christmas quarter. Carbonates performed particularly strongly with revenue growth of 5.8%, led by Pepsi, which substantially grew its market share of the take-home cola market. With our increased year on year promotional activity in the quarter, carbonates ARP growth was 0.2%, which builds on the strong prior year Q1 comparative of +4.6%. GB stills showed an improving performance compared to recent quarterly trends, with revenue declining by 1.7%. Ireland revenue declined by 10.0%. Volume was down 0.2% and ARP (excluding third party products) was down by 5.3% due to both promotional intensity and adverse mix. Britvic Ireland held value share of the take-home market. Half of the 10% revenue decline is attributable to the third-party brands, largely alcohol, which we distribute via the licensed wholesale business where the on-to-off trade shift was especially marked. France revenue grew by 12.6%. Strong revenue performance was driven by the achievement of significant price increases to cover raw material inflation, leading to ARP growth of 14.7%. Our volume and value market share of syrups has further increased. International revenue grew by 1.7%. The single-digit revenue growth in Q1 and ARP decline reflects the different timing of concentrate shipments to Australia compared to the stock build last year and the phasing of promotional activity in export markets. The prior year Q1 revenue comparative was 41.5%. We remain on track to achieve full year revenue growth guidance of 20%
http://www.investegate.co.uk/Article.aspx?id=201201250700131162W
Shore Capital maintained its "buy" recommendation for Britvic (BVIC) ahead of next Wednesday's trading update. The broker expects the soft drinks company to have seen a continuation of the trend seen across the 2011 financial year, boosted in the summer by events such as the Olympics and extra bank holiday for the Queen's Jubilee. Shore will be looking for news of the potential impact of the newly imposed French sugar tax, but does not expect to see a significant effect on the business. The shares grew 4.2p to 345.3p.
Dividend The board is proposing a final dividend per share of 12.6p bringing the full year dividend per share to 17.7p, an increase of 6.0% on the prior year. This reflects the board's continuing confidence in the future prospects of the business, as well as the underlying cash generative nature of its activities. Paul Moody, Chief Executive commented: "Britvic has delivered a robust set of results, despite the particularly challenging economic backdrop in 2011. Our GB, France and International business units have each produced revenue and volume growth this year, leading to an increase in total group revenue of almost 15%. This performance reflects the strength of our brands and the quality of our innovation programme, as well as the continued focus on revenue management. We are particularly delighted with the progress that we have made with the internationalisation of Fruit Shoot. The announcement today of three major new agreements for this Britvic-owned brand in the United States gives us material additional territories, new distribution partners and, significantly, an agreement with PBV to begin production in the US; important steps towards realising our ambitions for Fruit Shoot. The political, financial and social environment in which we operate will remain challenging, but we are confident in our ability to compete strongly and to deliver another solid set of results for the year ahead, in line with our expectations."
Britvic plc Preliminary Results 30 November 2011 Britvic plc announces its preliminary results for the 52 weeks ended 2 October 2011(full year) (1) Financial highlights (52 week unless stated)(1): · Group revenue growth of 14.6%; Group ex-France +0.8%. GB, France and International all delivered positive volume and revenue growth, with Ireland constraining overall group growth · Group EBITA growth of 4.3%, adjusted EPS decline versus 53 weeks in 2010 of 8.2% · Group adjusted net debt to EBITDA ratio of 2.4x compared to 2.5x last year · Group bank syndicate successfully refinanced to deliver strong funding platform to 2016 · Full year dividend per share up 6.0% to 17.7p Three major new agreements for Fruit Shoot in US doubling coverage to six states: · Britvic product to be manufactured in the US for first time under new agreement with Pepsi Bottling Ventures, largest independent Pepsi bottler in the US, to manufacture and distribute in North and South Carolina. · Agreement with Gross & Jarson, third largest Pepsi bottler in the US, to distribute in Kentucky · Agreement to distribute Fruit Shoot in Florida & Georgia through Pepsi Beverages Company. PBC is the wholly-owned manufacturing, sales and distribution operating unit of PepsiCo. Pension funding contributions on GB pension scheme agreed: · Pension Funding Partnership (PFP) expected to be in place by end of 2011. Payments of: £10m in 2011, £12.5m in 2012 and £20m 2013-2017. Delivers net cash benefits versus guidance. If PFP not agreed, £20m extended to 2022. Payments subject to triennial valuation. Innovation: · Continued successful group wide innovation programme, including the launch of Teisseire Fruit Shoot in France, Mountain Dew Energy and Juicy Drench in Ireland; all of which are performing ahead of expectations.
http://www.investegate.co.uk/Article.aspx?id=201111300700200152T
UK fourth-quarter sales of Britvic’s carbonated range, such as Tango, showed a strong advance, up by 8.3% year-on-year despite the poor summer. Revenue from still products, such as J2O, declined by 5.2%. The company is wedded to a progressive dividend policy, and the shares yield 5.2% for this year. They sell on a price-earnings multiple of about 10. Trading remains challenging, though; a cautious hold, says the Times.
Shore Capital maintained its "buy" recommendation for soft drinks company Britvic (BVIC), ahead of Thursday's trading update. The broker forecasts revenues of 1.3 billion pounds for the financial year, representing a cut on previous estimates after a poor summer performance, affected by below average weather conditions. However, Shore believes that the group will be able to recover in 2012, noting the annualisation of more of the main input cost pressures felt in the 2011 financial year. Additionally, the firm offers a 5.5% dividend yield with this being 1.9 times covered by earnings
Very undervalued and given the forecasts for the rest of the year it does look very cheap rns is out thisvweek and the figures will confirm the under valuation.
Societe Generale initiates buy on Britvic, target price 375p.
Britvic‘s share price has fallen sharply in recent weeks from a 2011 peak of around 440p, says the Scotsman. It has been a rotten summer in Europe and this has persuaded quite a marked reassessment of earnings prospects for the full year. The cold weather in June saw the soft drinks market fall over 8 per cent in the UK and 13 per cent in Ireland but the current rating seems to recognise the seasonal challenges but overlook the operational efficiencies and revenue generation capacity of this group. Buy, recommends the Scotsman.
Ahead of a trading statement due to be released on 21st July, Shore Capital retained its buy stance for Britvic (BVIC) with a 380p target price as it expects the soft drinks firm to report trading in line with expectations, noting also that comparatives from 2010 are quite challenging due to the impact of the World Cup. Given that, in its view, downside risk to earnings has significantly reduced, Shore Capital believes the current valuation is attractive. Britvic shares slipped 2.6p to 379.4p