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

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
The best investment trusts to buy for 2021
Investment trusts

The best investment trusts to buy for 2021

Sectors ranging from emerging markets to student accommodation look poised to do well this year, says David Stevenson, as he picks the best investment…
19 Jan 2021