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(Sharecast News) - AG Barr said the positive trading momentum it reported in September had continued on Monday, with sales growing ahead of expectations across both its Barr soft drinks and Funkin business units.
The London-listed maker of beverage brands such as Irn-Bru said in its trading update that performance in both the 'on-the-go' and hospitality sectors remained particularly strong, with its recent launches exceeding its own expectations.
"In what remains a challenging supply chain environment, our production and wider supply chain have maintained their resilience and supported the growth in volume we are experiencing," AG Barr said in its statement.
As a result of a strong volume performance, and despite ongoing near-term operating cost pressures, Barr said it now expected both revenue and profit before tax for the full year to be ahead of current market expectations.
Assuming no significant changes to current market conditions, it was expecting revenue to be around £264m, and profit before tax to be about £41m.
"The fast moving situation in relation to the Covid-19 pandemic remains a risk, however we expect our revenue momentum to continue into 2022 and we plan to provide a further trading update in early February."
At 0855 GMT, shares in AG Barr were up 4.59% at 489.5p.
19 May 2023 15:50
UK shareholder meetings calendar - next 7 days
| Monday 22 May | |
| Blackrock Latin American Investment Trust PLC | AGM |
| Crossword Cybersecurity PLC | AGM |
| Judges Scientific PLC | AGM |
| Stelrad Group PLC | AGM |
| Venture Life Group PLC | AGM |
| Tuesday 23 May | |
| 888 Holdings PLC | AGM |
| Access Intelligence PLC | AGM |
| Arix Bioscience PLC | AGM |
| Bank of Ireland Group PLC | AGM |
| Big Technologies PLC | AGM |
| Bigblu Broadband PLC | AGM |
| Centamin PLC | AGM |
| CT Private Equity Trust PLC | AGM |
| Empresaria Group PLC | AGM |
| Epwin Group PLC | AGM |
| Forterra PLC | AGM |
| Fresnillo PLC | AGM |
| Fulcrum Utility Services Ltd | GM re issue of conversion shares |
| Gresham Technologies PLC | AGM |
| Harworth Group PLC | AGM |
| Hilton Food Group PLC | AGM |
| hVIVO PLC | AGM |
| HydrogenOne Capital Growth PLC | AGM |
| IQ-AI Ltd | AGM |
| JTC PLC | AGM |
| K3 Business Technology Group PLC | AGM |
| Pebble Group PLC | AGM |
| Portmeirion Group PLC | AGM |
| PPHE Hotel Group Ltd | AGM |
| Restaurant Group PLC | AGM |
| Shell PLC | AGM |
| Sherborne Investors (Guernsey) C Ltd | AGM |
| TMT Investments PLC | AGM |
| Triple Point Income VCT PLC | AGM |
| Triple Point Social Housing REIT PLC | AGM |
| Trustpilot Group PLC | AGM |
| Twentyfour Income Fund Ltd | AGM |
| Wickes Group PLC | AGM |
| Xeros Technology Group PLC | AGM |
| Wednesday 24 May | |
| 4imprint Group PLC | AGM |
| Adriatic Metals PLC | AGM |
| Arbuthnot Banking Group PLC | AGM |
| Artisanal Spirits Co PLC | AGM |
| Bango PLC | AGM |
| Coca-Cola Europacific Partners PLC | AGM |
| Deliveroo PLC | AGM |
| Deltic Energy PLC | AGM |
| Distribution Finance Capital Holdings PLC | AGM |
| Dunedin Enterprise Investment Trust PLC | AGM |
| ECSC Group PLC | Court and General Meetings re Daisy Corporate Services Trading Ltd takeover |
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| Fidelity Japan Trust PLC | AGM |
| HICL Infrastructure PLC | AGM |
| Horizonte Minerals PLC | AGM |
| Intertek Group PLC | AGM |
| Ithaca Energy PLC | AGM |
| Kelso Group Holdings PLC | AGM |
| Lookers PLC | AGM |
| M&G PLC | AGM |
| Mercantile Investment Trust PLC | AGM |
| Microlise Group PLC | AGM |
| Mortgage Advice Bureau Holdings PLC | AGM |
| National World PLC | AGM |
| Ondine Biomedical Inc | AGM |
| Petershill Partners PLC | AGM |
| Playtech PLC | AGM |
| Quarto Group Inc | AGM |
| Real Estate Investors PLC | AGM |
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| US Solar Fund PLC | AGM |
| Zotefoams PLC | AGM |
| Thursday 25 May | |
| Alliance Pharma PLC | AGM |
| Biome Technologies PLC | AGM |
| Capital & Regional PLC | AGM |
| Destiny Pharma PLC | AGM |
| Ferrexpo PLC | AGM |
| Fevertree Drinks PLC | AGM |
| Headlam Group PLC | AGM |
| Henry Boot PLC | AGM |
| Hill & Smith PLC | AGM |
| LBG Media PLC | AGM |
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| Petrofac Ltd | AGM |
| Pharos Energy PLC | AGM |
| Prudential PLC | AGM |
| Regional REIT Ltd | AGM |
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| S&U PLC | AGM |
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| Schroder Asian Total Return Investment Co PLC | AGM |
| TBC Bank Group PLC | AGM |
| Vanquis Banking Group PLC | AGM |
| Zinc Media Group PLC | AGM |
| Friday 26 May | |
| AG Barr PLC | AGM |
| Argos Resources Ltd | GM re disposal and cancellation |
| Bank of Cyprus Holdings PLC | AGM |
| Fox Marble Holdings PLC | GM re admission on AIM and acquisition of Eco Buildings Group Ltd |
| Glencore PLC | AGM |
| Itsarm PLC | GM re delisting from AIM |
| Keywords Studios PLC | AGM |
| Let's Explore Group PLC | GM re proposed tender offer to purchase shares |
| NFT Investments PLC | GM re shares purchase |
| Non-Standard Finance PLC | AGM |
| Old Mutual Ltd | AGM |
| Solgenics Ltd | GM re cancellation from admission to trading on AIM |
| ThomasLloyd Energy Impact Trust PLC | AGM |
| Unbound Group PLC | AGM |
| XLMedia PLC | AGM |
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