A robust performance, demonstrating the resilience of our business and the strength of our balance sheet, with progress against our strategic goals despite market challenges and unprecedented uncertainty.
Performance
Revenue
£1,405.1m
+6.6%*
Why do we measure this?
Revenue growth measures our ability to increase price and/or increase the volume sold.
Performance
Underlying revenue increased by 6.6%, adjusted for constant currency, the French private label juice and Counterpoint agency brands. Reported revenue decreased by 0.5%.
Adjusted EBIT
£176.5m
+10.0%*
Why do we measure this?
Adjusted EBIT measures the underlying profitability of the company, excluding any one-off costs.
Performance
Adjusted EBIT increased by 10.0%, adjusted for constant currency and excluding French private label and Counterpoint agency brands. Reported adjusted EBIT increased by 6.5%.
Free cash flow
£132.7m
+47.4%
Why do we measure this?
Free cash flow measures the cash generated by the business to fund payments to our shareholders and acquisitions.
Performance
Free cash flow was £132.7m, with the increase from 2020 primarily driven by the increase in EBITDA and an improvement in working capital.
Profit after tax
£103.2m
+9.1%
Why do we measure this?
Profit after tax is a statutory measure of financial performance which considers adjusted EBIT, interest, taxation and adjusting items.
Performance
Profit after tax increased by 9.1%, reflecting the increase in adjusted EBIT which was partially offset by higher tax as a result of the revaluation of deferred tax.
Adjusted earnings per share
44.3p
+2.5%
Why do we measure this?
Adjusted earnings per share measures the profit per share of the company and is used by investors to compare the performance of a company against peers.
Performance
Adjusted EPS increased by 2.5% due to higher adjusted EBIT, offset by higher tax as a result of the revaluation of deferred tax.
Dividend per share
24.2p
+12.0%
Why do we measure this?
The dividend per share measure enables shareholders to calculate the amount of profit that is returned to them by the company in cash.
Performance
Dividend per share increased 12% due to the adjusted EPS increase and maintaining the 50% payout ratio on underlying earnings, which excludes a one-off deferred tax charge.
* Adjusted for constant currency, the French private label juice business that was disposed of in 2020 and the Ireland agency brands which ceased trading in March 2021.
