The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

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)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 572.00
Bid: 569.00
Ask: 571.00
Change: 1.00 (0.18%)
Spread: 2.00 (0.351%)
Open: 578.00
High: 578.00
Low: 567.00
Prev. Close: 571.00
BAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

4 Dec 2014 07:00

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



 

4 DECEMBER 2014

A.G. BARR p.l.c.

 

Trading Update

 

 

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

 

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).

 

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.

 

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.

 

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

 

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.

 

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.

 

 

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.

 

 

For further information, please contact:

 

A.G. BARR Tel: 01236 852400

Roger White, Chief Executive

 

Instinctif Tel: 020 7457 2020

Justine Warren

Matthew Smallwood

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUGGRUPUPCGRW
Date   Source Headline
11th Jan 202211:28 amRNSDirector/PDMR Shareholding
8th Dec 202112:59 pmRNSDirector/PDMR Shareholding
6th Dec 20217:00 amRNSInvestment in MOMA Foods Limited
29th Nov 20217:00 amRNSTrading Update
8th Nov 20212:15 pmRNSDirector/PDMR Shareholding
3rd Nov 20211:21 pmRNSDirector/PDMR Shareholding
3rd Nov 20219:37 amRNSDirector/PDMR Shareholding
1st Nov 202112:50 pmRNSDirector/PDMR Shareholding
11th Oct 20212:15 pmRNSDirector/PDMR Shareholding
11th Oct 20218:12 amRNSDirector/PDMR Shareholding
1st Oct 20218:49 amRNSDirector/PDMR Shareholding
1st Oct 20218:33 amRNSDirector/PDMR Shareholding
28th Sep 20217:00 amRNSInterim results
8th Sep 202111:39 amRNSDirector/PDMR Shareholding
31st Aug 202110:37 amRNSNotice of Interim Results Date
9th Aug 202111:21 amRNSDirector/PDMR Shareholding
3rd Aug 20217:00 amRNSH1 trading update to 1 August 2021
20th Jul 20217:00 amRNSTrading Update
19th Jul 20212:22 pmRNSHolding(s) in Company
9th Jul 20217:55 amRNSDirector/PDMR Shareholding
6th Jul 20213:32 pmRNSDirector/PDMR Shareholding - AMENDMENT
6th Jul 202112:11 pmRNSDirector/PDMR Shareholding
25th Jun 20217:00 amRNSDirectorate Changes
10th Jun 20219:01 amRNSHolding(s) in Company
8th Jun 20213:33 pmRNSDirector/PDMR Shareholding
28th May 202112:24 pmRNSResult of AGM
28th May 20217:00 amRNSAGM Statement
26th May 202111:01 amRNSDirectorship
11th May 202111:08 amRNSDirector/PDMR Shareholding
6th May 20218:13 amRNSHolding(s) in Company
27th Apr 20219:15 amRNSAnnual Report and Accounts / Notice of AGM
13th Apr 20218:18 amRNSDirector/PDMR Shareholding
12th Apr 202112:33 pmRNSDirector/PDMR Shareholding
1st Apr 20219:33 amRNSDirector/PDMR Shareholding
30th Mar 20217:00 amRNSFINAL RESULTS for the year ended 24 January 2021
8th Mar 202111:42 amRNSDirector/PDMR Shareholding
8th Feb 20211:00 pmRNSDirector/PDMR Shareholding
26th Jan 20217:00 amRNSTrading Update
21st Jan 202112:00 pmRNSNotice of Trading Update
11th Jan 202112:11 pmRNSDirector/PDMR Shareholding
8th Dec 202010:01 amRNSDirector/PDMR Shareholding
18th Nov 20202:00 pmRNSCompensation payment
9th Nov 202011:38 amRNSDirector/PDMR Shareholding
3rd Nov 20208:51 amRNSDirector/PDMR Shareholding
8th Oct 20202:02 pmRNSDirector/PDMR Shareholding
23rd Sep 20209:03 amRNSDirector/PDMR Shareholding
22nd Sep 20209:13 amRNSHolding(s) in Company
22nd Sep 20207:00 amRNSAG BARR p.l.c. Interim results
8th Sep 20201:46 pmRNSDirector/PDMR Shareholding
10th Aug 202010:35 amRNSDirector/PDMR Shareholding

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.