Interim Management Statement

RNS Number : 7385U

Barr(A.G.) PLC

05 December 2013

 



IMMEDIATE RELEASE                                                                                        5 DECEMBER 2013

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 29 July 2013 to date.

Revenue for the 18 weeks to 1 December 2013 increased by 8.0%, with volume increasing by 6.4% compared to the same period last year.

Year to date revenue as at 1 December has increased by 6.7%, with volume up 5.1%.  Over a comparable period the market, as measured by Nielsen, increased in value by 4.1% and volume by 3.1%

Our brands continue to perform well and in the period, our margins have been 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 28 July 2013.

Our operational delivery over the last few months has been supported by the strong performance of our new site at Milton Keynes.  We are progressing well through the plant commissioning phase and have completed the logistics transfer programme on time.  The second phase of our site investment at Milton Keynes is now under consideration.

Outlook

The soft drinks market remains highly competitive as we enter the important Christmas trading period. We are now executing our strong seasonal trading plans and remain confident of delivering our full year performance expectations despite tough year on year trading comparatives.

For further information, please contact:

A.G. BARR	Tel:  [phone]
Roger White, Chief Executive
Alex Short, Finance Director
College Hill	Tel:  [phone]
Justine Warren
Matthew Smallwood

 

END

 

 

IMSNKQDKOBDDPBK