Half Year Results10 May 2022 08:10
Record H1 revenue with 9% growth across the portfolio.
· As anticipated, returning to traditional H2 profit weighting:
Ø H1 2021 benefitted from COVID-19 related retail channel growth and significant product launches.
Ø Normal seasonality returning driven by Spring/Summer beverage consumption in Northern hemisphere.
Ø Strong anticipated growth in healthier living categories expected to drive higher margins.
· H1 2022 ended strongly, and momentum has continued into H2; order book up by more than 25% compared with equivalent prior year period giving confidence in the outlook.
· Revenue growth for full year now expected to exceed 15%; on track to deliver full year PBT market consensus of £21.7m
· Ongoing investment in the Group's capacity, people and innovation to deliver long-term growth.