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Britvic defers decision on dividend on Covid-19 concerns

By Frank Prenesti

Date: Wednesday 27 May 2020

(Sharecast News) - Drinks maker Britvic deferred its interim dividend as it weighed the impact of the coronavirus pandemic, which it said was still hitting profits at around £12m - £18m a month.

The maker of Robinsons fruit juice said the largest impacts had been seen in Great Britain and Ireland due to government lockdowns although this was partly offset by people buying more products to drink at home.

Britvic added that stress testing of debt covenants did not indicate any potential breaches up to March next year.

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