Barr(A.G.) PLC
24 January 2007
FOR IMMEDIATE RELEASE 24 JANUARY 2007
A.G.BARR p.l.c.
Pre Close Trading update
A.G.BARR p.l.c., the soft drinks group whose brands include Irn-Bru, Strathmore,
Tizer and Orangina, is pleased to announce that trading has continued in line
with expectations and that, accordingly, results for the financial year ending
27th January 2007 are expected to be in line with market expectations. This is
despite both the continued competitive nature of the market and the challenges
caused by the substantial improvement the Company has made to its operating
infrastructure over the course of the last twelve months.
Specific improvements include:
• The successful integration of Strathmore Mineral Water Company, a market
leading producer of bottled water, following the £15 million acquisition in
May 2006.
• The completion of a major investment project to modernise the selling
and supply chain in Scotland involving the closure and subsequent disposal
of six sites and the construction of a £17 million sales and distribution
centre at the existing Cumbernauld site.
• The relocation of the Company head quarters to the Cumbernauld
facilities.
• The current installation of a new can line, a further £6.5 million
investment, at the Cumbernauld factory.
• The planning associated with the closure of the Atherton site scheduled
for early in financial year 2007/08.
It is anticipated that the Preliminary Results will be announced on 26th March
2007.
Roger White, Chief Executive, commented:
'This has been a challenging year throughout the business with significant
operational improvements having been made at the same time as we have
accelerated our top line sales performance. We are pleased with the progress we
have made this past financial year and believe it provides us with a strong
platform for further profitable growth.'
For further information, please contact:
A.G.Barr Tel: 0141 554 1899
Roger White, Chief Executive
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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