A.G. BARR p.l.c.
Interim Management Statement
A.G. BARR p.l.c., the soft drinks group, today announces its Interim Management Statement covering trading for the period from 31 July, 2011 to date.
Revenue for the 18 weeks from 31 July increased by 5.6% compared to the same period last year. This reflects a robust soft drinks market in which our core brands have continued to perform well.
Year to date revenue as at 3 December has increased by 4.6% building solidly on a prior year comparative growth of 11.5%.
In the period we made good progress against our operational improvement objectives following the temporary capacity challenges experienced earlier in the year, however we have continued to outsource a limited volume of production to ensure customer service levels were met during the key summer months.
Operating margins remain in line with our expectations.
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 30 July, 2011.
Outlook
Across the market consumer spending continues to be constrained and competitor promotional activity remains high. We are now entering the important seasonal Christmas trading period when we anticipate marketplace pricing and promotion will remain very competitive. However current trading remains in line with our plans and based on our marketplace assumptions we anticipate delivering our full year expectations.
7 December 2011
For further information, please contact:
A.G. BARR |
Tel: 01236 852400 |
Roger White, Chief Executive |
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Alex Short, Finance Director |
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College Hill |
Tel: 020 7457 2020 |
Justine Warren |
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Matthew Smallwood |
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