Barr(A.G.) PLC
07 December 2007
FOR IMMEDIATE RELEASE 7 DECEMBER 2007
A.G.BARR p.l.c.
Interim Management Statement
A.G.BARR p.l.c. the soft drinks group announces its second Interim Management
Statement relating to the thirteen week period from 28 July to 27 October 2007.
Total year to date revenue has increased by 5% compared with the same period
last year.
In the thirteen week period total revenue was down by 1% reflecting the
comparatively poor summer weather experienced this year versus last year. The
total soft drinks market as reported by Nielsen in this period was down 3% in
volume terms.
Operating margins continue to be in line with expectations. However forecast
increases in raw material prices especially in glass, aluminium and plastic are
expected into next year.
Several new products have been launched in the period including the new St
Clements Juice and Smoothies range which have gained strong initial listings.
Good progress was made in the period towards our launch date for the Rockstar
Energy brand, which successfully took place in late November.
Our balance sheet remains strong and there have been no significant changes in
the financial position of the Company since the interim results relating to the
26 weeks to 28 July 2007 published on 25 September 2007.
Outlook
Trading remains in line with our expectations. The festive trading season is
always a period of intense activity, this year is likely to be no different. We
believe our plan to blend increased advertising, strong in-store execution and a
competitive price proposition should ensure we can effectively compete across
this key trading period.
For further information, please contact:
A.G.Barr Tel: 01236 852400
Roger White, Chief Executive
Iain Greenock, Finance Director
Buchanan Communications Tel: 020 7466 5000
Tim Thompson / Nicola Cronk
This information is provided by RNS
The company news service from the London Stock Exchange
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