A.G. Barr forecasts seven per cent growth in yearly revenue

Soft drinks manufacturer A.G. Barr has unveiled a pre-close trading statement forecasting encouraging results for the full year 2012, underpinned by growth across the group's core brands.

Soft drinks manufacturer A.G. Barr has unveiled a pre-close trading statement forecasting encouraging results for the full year 2012, underpinned by growth across the group's core brands.

The company, which is expected to merge with Britvic in February pending approval from the Office of Fair Trading, announced that trading in the final quarter of the year was expected to show performance ahead of the total soft drinks market.

Total sales in the final quarter of the year are expected to be 5.0% ahead of the previous year's levels and full year revenue is expected to rise by approximately 7.0% to £253m.

All of the company's core brands had grown over the 12 months in spite of very poor summer weather and a competitve market place.

The group reported that its IRN-BRU brand had performed "well" with a positive consumer response to the marketing campaign entitled 'IRN-BRU gets you through'. It reported that its "Rubicon" and "KA" brands had built on strong prior year performances and stated that the Barr brand had maintained double digit growth performance.

Meanwhile, its energy drink Rockstar was described as having seen a "a step change in its performance".

In the group's outlook, it reported: "We remain cautiously optimistic that the combination of our proven operating model, continued focus on efficiency, strong brand equity, sound balance sheet and growth potential leave us well placed to continue to build on this performance."

MF

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021
Nuclear power might never be popular – but now looks a good time to invest
Commodities

Nuclear power might never be popular – but now looks a good time to invest

Nuclear power gets a very bad press, but it is the ultimate renewable energy source. Interest in it is perking up again, says John Stepek. Which means…
9 Apr 2021
House prices: from boom to even bigger boom
House prices

House prices: from boom to even bigger boom

UK house prices have risen to new to record highs, says Nicole Garcia Merida. Demand continues to outpace supply, but continued low interest rates, th…
9 Apr 2021