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
619.00    4.00 (0.65%)
Bid:
617.00
Ask:
619.00
Spread: 2.00 (0.324%)
Market Cap: £686.94m
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
 



 

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
2nd Aug 20227:00 amRNSTrading Update
11th Jul 202210:32 amRNSDirector/PDMR Shareholding
16th Jun 202210:14 amRNSDirector/PDMR Shareholding
16th Jun 202210:04 amRNSDirector/PDMR Shareholding
15th Jun 202210:23 amRNSDirector/PDMR Shareholding
13th Jun 20221:42 pmRNSDirector/PDMR Shareholding
13th Jun 20221:40 pmRNSDirector/PDMR Shareholding
8th Jun 20229:53 amRNSDirectorship
27th May 20221:55 pmRNSResult of AGM
23rd May 20229:55 amRNSDirector/PDMR Shareholding
11th May 20228:53 amRNSDirector/PDMR Shareholding
26th Apr 20229:08 amRNSAnnual Financial Report / Notice of AGM
11th Apr 20221:11 pmRNSDirector/PDMR Shareholding
11th Apr 20228:51 amRNSDirector/PDMR Shareholding
11th Apr 20228:45 amRNSDirector/PDMR Shareholding
30th Mar 20227:00 amRNSDirectorate Change
29th Mar 20222:34 pmRNSDirector/PDMR Shareholding
29th Mar 20229:37 amRNSCorrection: Final results year ended 30 Jan 2022
29th Mar 20227:00 amRNSFinal results for the year ended 30 January 2022
18th Mar 20229:02 amRNSHolding(s) in Company
8th Mar 20222:14 pmRNSDirector/PDMR Shareholding
9th Feb 20227:56 amRNSDirector/PDMR Shareholding
4th Feb 20228:32 amRNSHolding(s) in Company
4th Feb 20228:27 amRNSHolding(s) in Company
1st Feb 20227:00 amRNSTrading Update
26th Jan 202210:35 amRNSNotice of Trading Update
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

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.