- Revenue growth of 4%1, driven by innovation and by emerging markets +10%
- Underlying profit before tax +9%
- Confectionery revenues +4%; gum revenues +10%; Trident +23%
- Beverage revenues +4%; 60bps share gain in US carbonates; Dr Pepper +2%
- Underlying margins flat, despite increases in commodity costs and growth investment
- Dr Pepper/Seven Up Bottling Group performing in line with acquisition case
- Proposed final dividend up +10% to 9.9p taking full year increase to +8%
Except where stated all movements are at constant exchange rates.
1 Like-for-like revenue growth at constant currency.
| £ millions | 2006 | Reported currency growth |
Constant currency growth2 |
2005 |
|---|---|---|---|---|
| Revenue | ||||
| — Base business | 6,628 | +3% | +4% | 6,432 |
| — Acquisitions/Disposals | 799 | – | ||
| Total | 7,427 | +15% | +16% | 6,432 |
| Underlying profit from operations1 | 1,073 | +5% | +6% | 1,025 |
| Profit from operations | 909 | -9% | -7% | 995 |
| Underlying profit before tax1 | 931 | +8% | +9% | 865 |
| Profit before tax | 738 | -12% | -10% | 835 |
| Discontinued operations | 642 | 76 | ||
| Underlying EPS1&3 | 31.6 | -7% | -5% | 33.9 |
| Reported EPS3 | 56.4 | 37.3 | ||
| Dividend per share | 14.0p | +8% | n/a | 13.0p |
1 Cadbury Schweppes believes that underlying profit from operations, underlying profit before tax, underlying earnings and underlying earnings per share provide additional information on underlying trends to shareowners. The term underlying is not a defined term under IFRS, and may not therefore be comparable with similarly titled profit measurements reported by other companies. It is not intended to be a substitute for, or superior to, IFRS measurements of profit (see Note 1(b)).
2 Constant currency growth excludes the impact of exchange rate movements during the period.
3 EPS is presented on a basic total group basis including earnings contributed by Europe, Syria and South Africa Beverages.
 |
 |
 |
 |
| +4% | 14.4% | £200m | +8% |
1 Like-for-like revenue growth at constant currency.
2 Underlying margin including the effect of acquisitions and disposals at reported exchange rates.
3 Free cash flow as defined on page 31.