FOR IMMEDIATE RELEASE 10 JUNE, 2008
A.G.BARR p.l.c.
Interim Management Statement
A.G.BARR p.l.c. today announces its Interim Management Statement for the period commencing 27 January, 2008.
Revenue for the first 13 weeks of the financial year increased by 4% when compared with the prior year. This is a strong performance especially when compared to an 11% like-for-like performance in the same period last year which was boosted by above average weather and the positive impact of promotional phasing.
Revenue performance in core carbonate brands, particularly in IRN-BRU, has been strong and overall sales have benefited from new products including Rockstar, Taut, Vitsmart and the growing St Clement's fruit drinks and smoothie range. We continue to look for suitable
opportunities to develop our brand portfolio further.
Operating margins are in line with expectations with continued pressure from rising rising raw
material prices being offset by product price increases and further improvements in material
usage implemented during the period.
Our balance sheet remains strong and there have been no significant changes in the financial position of the Company since the publication of the Report & Accounts in respect of the year ended 26 January, 2008.
Outlook
Trading in May has seen the benefit of some improved weather however we continue to assume we will experience average weather conditions across the summer this year. Our trading outlook remains in line with expectations.
For further information, please contact:
A.G.Barr Tel: 01236 852400
Roger White, Chief Executive
Alex Short, Finance Director
Buchanan Communications Tel: 020 7466 5000
Tim Thompson / Nicola Cronk