Last checked at 20 Jul 2021 07:00
IMMEDIATE RELEASE 20 July 2021
A.G. BARR p.l.c.
("A.G. BARR")
A.G. BARR p.l.c. produces and markets some of the UK's leading drinks brands, including IRN-BRU, Rubicon and Funkin.
Full year profit expected to be ahead of previous expectations
At our full year results on 30 March 2021 we communicated that the business was in strong financial health, with our brands and business poised for growth on a like for like basis.
Trading since then has been better than anticipated, driven by a combination of factors, some Covid related, including customer restocking, in the hospitality sector in particular, and some associated with underlying brand momentum, such as the positive performance of recent innovation launches.
As such we now expect profit for the current 53-week financial year, to the end of January 2022, to be slightly ahead of the performance delivered in the 52-week year prior to Covid (2019/20 Profit before tax : £37.4m).
We will provide further information at our scheduled H1 trading update on 3 August 2021.
For more information, please contact :
A.G. BARR 0330 390 3900 Instinctif Partners 020 7457 2010/05
Roger White, Chief Executive Justine Warren
Stuart Lorimer, Finance Director Matthew Smallwood