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

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Market Cap: £708.02m
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Trading Update

3 Dec 2015 07:00

RNS Number : 7973H
Barr(A.G.) PLC
03 December 2015
 

 

 

3 DECEMBER 2015

 

 

A.G. BARR p.l.c.

("A.G. BARR" or "the Company")

Trading Update

 

 

A.G. BARR p.l.c., the soft drinks group, today announces its trading update covering the period from 26 July 2015 to date.

 

Revenue from the ongoing business* for the 18 weeks to 28 November 2015 increased by 3.9% compared to the equivalent period last year. Year to date revenue from the ongoing business*, as at 28 November, declined by 0.2%. Year to date revenue on a reported basis declined by 2.2%

 

As anticipated, our revenue performance in the third quarter has gained momentum as we put the specific challenges of the first half behind us and return to our long-term growth strategy.

 

Despite continued difficult market conditions we have maintained our market share, as measured by the latest available IRI market data, supported by continued brand investment.

 

Margins remain in line with our expectations, underpinned by ongoing tight cost control activity.

 

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 25 July 2015.

 

We continue to deliver against our operational investment and efficiency programme. The warehouse expansion project at our Milton Keynes site is nearing completion and good progress is being made on the production capability projects at both Milton Keynes and Cumbernauld, which will provide increased flexibility and support future innovation opportunities.

 

Outlook

We are now entering the important festive trading period and we anticipate the marketplace will remain highly competitive. However our sales execution activities are well developed and, as previously stated, assuming satisfactory Christmas trading, the Company remains on track to meet the Board's expectations for the year.

 

 

For further information, please contact:

 

A.G. BARR Tel: 01236 852400

Roger White, Chief Executive

Stuart Lorimer, Finance Director

 

Instinctif Tel: 020 7457 2020

Justine Warren

Matthew Smallwood

 

* Adjusting for the impact of discontinued business and including Funkin Limited acquired in February 2015.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGGGUPUPAGMP
Date   Source Headline
10th Jan 201312:05 pmRNSForm 8 (DD) - Barr(A.G.) PLC
10th Jan 201311:01 amRNSForm 8.5 (EPT/RI)
10th Jan 201310:17 amRNSForm 8.3 - Barr (AG) Plc
10th Jan 20138:45 amRNSForm 8.5 A.G Barr Plc
10th Jan 20137:05 amRNSDirectorship
9th Jan 20133:06 pmRNSForm 8.3 - A.G. Barr PLC
9th Jan 20132:54 pmRNSDirector/PDMR Shareholding
9th Jan 20131:51 pmRNSForm 8.3 - [Britvic PLC]
9th Jan 201310:18 amRNSForm 8.5 (EPT/RI)
9th Jan 20138:58 amRNSForm 8.5 A.G Barr Plc
8th Jan 20132:50 pmRNSForm 8.3 - A.G. Barr PLC
8th Jan 20131:55 pmRNSForm 8.3 - [Britvic Plc]
8th Jan 20131:24 pmRNSResults of Shareholder Meetings
8th Jan 201312:47 pmRNSResults of General Meeting
8th Jan 201311:08 amRNSForm 8.3 - Barr (AG) Plc
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8th Jan 20138:15 amRNSForm 8.5 A.G Barr Plc
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7th Jan 201311:40 amRNSForm 8.3 - [Britvic PLc]
7th Jan 20138:32 amRNSForm 8.5 A.G Barr Plc
4th Jan 20131:36 pmRNSDirector/PDMR Shareholding
4th Jan 201311:02 amRNSForm 8.5 (EPT/RI)
3rd Jan 20133:14 pmRNSForm 8.3 - A.G. Barr PLC
3rd Jan 20131:59 pmRNSForm 8.3 - Barr (AG) Plc
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3rd Jan 201310:57 amRNSForm 8.5 (EPT/RI)
3rd Jan 201310:52 amRNSForm 8.3 - A.G. Barr Plc
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2nd Jan 201311:09 amRNSForm 8.5 (EPT/RI)
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28th Dec 20128:18 amRNSForm 8.5 Britvic Plc
27th Dec 20122:55 pmRNSForm 8.3 - A.G. Barr PLC
27th Dec 20121:34 pmRNSForm 8.3 - AG Barr
27th Dec 20129:20 amRNSForm 8.5 Britvic Plc
27th Dec 20128:58 amRNSForm 8.3 - A.G. Barr PLC
24th Dec 201211:24 amRNSForm 8.5 (EPT/RI)
24th Dec 20128:21 amRNSForm 8.5 (EPT/NON-RI)
21st Dec 20122:51 pmRNSForm 8.3 - A.G. Barr Plc
21st Dec 20121:28 pmRNSForm 8.3 - Barr (AG)
21st Dec 201212:46 pmRNSForm 8.3 - A.G. Barr Plc
21st Dec 201211:48 amRNSForm 8.3 - Barr(A.G) plc
21st Dec 20129:58 amRNSForm 8.5 (EPT/RI)
20th Dec 20123:03 pmRNSForm 8.3 - AG Barr
20th Dec 20122:44 pmRNSForm 8.3 - Barr (AG) plc
20th Dec 20121:39 pmRNSForm 8.3 - [Barr (A.G)]

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