Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarr (A.G.) Regulatory News (BAG)

Share Price Information for Barr (A.G.) (BAG)

Share Price is delayed by 15 minutes
Get Live Data
648.00    27.00 (4.35%)
Bid:
637.00
Ask:
650.00
Spread: 13.00 (2.041%)
Market Cap: £719.12m
BAG Live PriceLast checked at - London Stock Exchange

Intraday Barr (A.G.) Share Chart

Trading Update

4 Dec 2014 07:00

RNS Number : 7905Y
Barr(A.G.) PLC
04 December 2014
Β 

ο»Ώ

Β 

4 DECEMBER 2014

A.G. BARR p.l.c.

Β 

Trading Update

Β 

Β 

A.G. BARR p.l.c., the soft drinks group, today announces its trading update covering the period from 28 July 2014 to date.

Β 

Revenue for the 18 weeks to 30 November 2014 decreased marginally by 0.6%, on a like for like basis (adjusted for the effect of the loss of Orangina sales revenue).

Β 

Year to date revenue, excluding Orangina, has grown by 3.5% versus a total soft drinks market which increased by 0.4%, as reported by Nielsen.

Β 

As we anticipated, our revenue performance in the third quarter slowed somewhat from the very strong growth in the first half. This was driven by lower promotional activity, wholesaler destocking and a very competitive price driven trading environment in a soft drinks market which was in revenue decline. We continue to control our costs tightly across the business and, as a result, our margins continue to be in line with our expectations.

Β 

In the period, we announced our new contractual arrangements for the Snapple brand which we will commence management of in January 2015.

Β 

Our balance sheet remains strong and there have been no significant changes in the financial position of the Company since the publication of the Interim Accounts for the six months ended 27 July 2014.

Β 

We are pleased to report good progress relating to the previously announced capacity and efficiency investments at our Milton Keynes site, with the carton packaging lines and multipacking capability making good progress. We anticipate closure of the Tredegar site early in our 2015 financial year.

Β 

Β 

Outlook

The soft drinks market remains dynamic and competitive as we approach the key festive trading period. We have a strong trading plan to drive growth despite the tough year on year comparatives and competitive environment in which we operate. Assuming current market conditions continue, we remain confident of delivering our full year performance expectations and look forward to further growth in the next financial year.

Β 

Β 

For further information, please contact:

Β 

A.G. BARR Tel: 01236 852400

Roger White, Chief Executive

Β 

Instinctif Tel: 020 7457 2020

Justine Warren

Matthew Smallwood

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
Β 
Β 
TSTUGGRUPUPCGRW
Date   Source Headline
28th May 20142:57 pmRNSDirector/PDMR Shareholding
27th May 201411:18 amRNSAGM - Resolutions
27th May 20147:00 amRNSAGM, IMS and and Directorate
14th May 201411:08 amRNSHolding(s) in Company
13th May 20142:13 pmRNSHolding(s) in Company
13th May 201411:08 amRNSDirector/PDMR Shareholding
9th May 20144:39 pmRNSDirector/PDMR Shareholding
30th Apr 20143:23 pmRNSDirector/PDMR Shareholding
29th Apr 20142:45 pmRNSDirectorship
23rd Apr 20149:00 amRNSAnnual Report & Notice of AGM
8th Apr 20144:15 pmRNSDirector/PDMR Shareholding
3rd Apr 201410:00 amRNSDirectorate Change
25th Mar 20147:00 amRNSFinal Results
24th Mar 20143:06 pmRNSDirector/PDMR Shareholding
10th Mar 20143:55 pmRNSDirector/PDMR Shareholding
10th Feb 20141:32 pmRNSDirector/PDMR Shareholding
23rd Jan 20147:00 amRNSPre-close trading update
21st Jan 20145:12 pmRNSDirector/PDMR Shareholding
20th Jan 20142:18 pmRNSDirector/PDMR Shareholding
17th Jan 20143:50 pmRNSDirector/PDMR Shareholding
13th Jan 20142:50 pmRNSDirector/PDMR Shareholding
13th Jan 20149:28 amRNSNotice of Pre-close Trading Update
9th Jan 201410:35 amRNSDirector/PDMR Shareholding
6th Jan 20144:41 pmRNSDirector/PDMR Shareholding
24th Dec 201312:53 pmRNSDirector/PDMR Shareholding
13th Dec 20133:42 pmRNSDirector/PDMR Shareholding
9th Dec 20134:39 pmRNSDirector/PDMR Shareholding
5th Dec 20137:00 amRNSInterim Management Statement
27th Nov 201310:40 amRNSNotice of Interim Management Statement
26th Nov 20132:32 pmRNSDirector/PDMR Shareholding
20th Nov 20133:11 pmRNSDirector/PDMR Shareholding
20th Nov 20133:09 pmRNSDirector/PDMR Shareholding
15th Nov 20133:26 pmRNSDirector/PDMR Shareholding
13th Nov 201310:47 amRNSDirector/PDMR Shareholding
7th Nov 20134:57 pmRNSDirector/PDMR Shareholding
8th Oct 20135:32 pmRNSDirector/PDMR Shareholding
8th Oct 201310:00 amRNSBoard Appointment
1st Oct 20135:18 pmRNSDirector/PDMR Shareholding
1st Oct 20135:08 pmRNSDirector/PDMR Shareholding
23rd Sep 20137:00 amRNSInterim Results
9th Sep 20133:51 pmRNSDirector/PDMR Shareholding
4th Sep 20137:00 amRNSAnalyst Site Visit
8th Aug 20133:43 pmRNSDirector/PDMR Shareholding
30th Jul 20134:29 pmRNSHolding(s) in Company
25th Jul 20137:00 amRNSPre Close trading update
22nd Jul 20134:59 pmRNSDirector/PDMR Shareholding
22nd Jul 20134:57 pmRNSDirector/PDMR Shareholding
18th Jul 201312:00 pmRNSNotice of Pre-close Trading Update
12th Jul 20132:43 pmRNSForm 8.3 - A.G.Barr PLC
12th Jul 20132:41 pmBUSForm 8.3 - BARR (A.G.) PLC

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.