PEP - Britvic: Drinks Producer And Pepsi Bottling Company At A 9% FCF Yield
2024-04-09 10:30:00 ET
Summary
- Britvic has a 20-year agreement with PepsiCo to produce and market their products in the UK and Ireland.
- Despite a decrease in volume, Britvic reported a 6.6% increase in total revenue in 2023.
- The company's cash flow statement shows a higher adjusted operating cash flow than reported net profit, indicating strong underlying performance.
Introduction
Britvic ( BTVCF ) ( BTVCY ) is a UK-based company that owns and produces its own drink brands but also has a 20-year agreement (running until 2040) with PepsiCo ( PEP ) to produce, bottle and market their products in the UK and Ireland (not just Pepsi and Pepsi MAX but this also includes 7Up, Lipton Ice Tea and Rockstar Energy). Mainland investors may recognize the Teisseire brand, which is a well-known producer of syrups ....
Britvic: Drinks Producer And Pepsi Bottling Company At A 9% FCF Yield