Annual financial statement
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Q4 preliminary results 2021 24 Nov 2021 Emerging stronger , confident in future growth prospects For the year ended 30 September 2021 Group Financial Headlines : • Revenue increased 6.6 % * to £ 1,405.1m ( reported -0.5 % ) • Adjusted EBIT increased 10.0 % * to £ 176.5m ( reported + 6.5 % ) , statutory EBIT increased 23.3 % • Adjusted EBIT margin increased 40bps * to 12.6 % ( reported + 90bps ) • Profit after tax increased 9.1 % to £ 103.2m • Adjusted earnings per share of 44.3p , up 2.5 % , impacted by a one - off deferred tax charge of £ 11.2m • Record free cash flow generation of £ 132.7m enabling a £ 31.9m reduction in adjusted net debt • Full year dividend + 12.0 % , reflecting the board's confidence in our prospects and strong balance sheet Highlights : • Revenue growth in GB and Brazil , led by our portfolio of family favourite brands Continued growth in At - Home channels with Out - of - Home rebounding in the second half Margin rate progression while rebuilding investment in our people , brands , and infrastructure • Continued progress against our strategic objectives including : ° Accessing new growth spaces - Plenish , Aqua Libra Co and Rockstar ° Simplifying our Irish business with the closure of Counterpoint • Converting all GB immediate consumption packs to 100 % rPET • Strong cash generation with adjusted net debt / EBITDA leverage ratio back to 2019 level Current Trading & FY22 Outlook : • Investing behind growth drivers to accelerate long - term revenue and profit trajectory Encouraging trading with volumes in first six weeks of the year ahead of FY21 and FY20 • Confident in making further progress with revenue , profit and margin growth in 2022 despite inflationary cost pressures