Focus - AG Barr's H1 Performance
Barr announced its first-half results yesterday
AG Barr announced its half-year results yesterday (23 September), revealing that profits had taken a dent from its failed merger with Britvic. Sales, however, were up by 5.8%. Here just-drinks takes a closer look at the figures in the six months to the end of July:
- The company's core trading region remains the UK. Around 60% of its sales are in England and Wales, while 38% of revenue comes from Scotland. Just 2% comes from overseas. Sales were up in all regions in the six months, with England and Wales performing the strongest, where sales rose 8.9%.
- All of its core brands saw a “solid” performance in the period. Barr's energy drink brand Rockstar was the star performer, with sales up by 70% year-on-year. Rockstar currently has a 21% share of the UK's off-trade “big can” energy drinks markets, compared to Monster (46%) and Relentless (33%), based on latest Nielsen figures.
- Irn Bru sales rose by 3% in the period.
- The whole UK soft drinks category saw a major spike in sales in July, which was the third warmest July since 1906. However, this was off the back of a “volatile” period for the UK market from February to June, chief executive Roger White noted. The group's August and September performance has been “more average,” he said.
- Barr claims Irn Bru offers it a “disproportionate opportunity” on social media as the brand's “page engagement” rate is well above the industry average. Irn Bru's rate stands at around 14%, compared to an average among other brands of 1.19%.
- The company's new production and warehouse facility in Milton Keynes has started operations. White revealed the plant is capable of producing 33 cans per second. Final spend on the project will total GBP44m (US$70.6m).
- Barr is excited by the potential opportunity from next year's Commonwealth Games in Glasgow. The group's Strathmore bottled water brand is the “official” water of the event and the company says it is “working closely” with organisers.
The Future of the UK Non-Alcoholic Drinks Packaging to 2017
The report provides in-depth quantitative data on retail non-alcoholic drinks packaging, covering key segmentations such as pack material and type, closure material and type, outer and multi-pack info...read more
Ahead of the Oscars, due to be handed out in just over a month's time, Richard Corbett has some gongs of his own to hand out. In recognition of the best new soft drinks products in 2013, who will win ...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
The company is focused on following three main strategies in 2013 in order to maintain its presence as one of the leading soft drinks manufacturers in the UK. These are innovation, increased distribut...
Following the acquisition of Irish company C&C (Ireland) Ltd in 2007 Britvic Ireland Ltd has held a firm position in soft drinks, offering leading brands such as Club and Ballygowan in Ireland. Despit...
- Diageo's future brighter than present suggests
- SABMiller's troubles fuel M&A rumours
- Diageo's Q1 Results by Region
- Focus - Remy Cointreau's H1 Performance by Brand
- Three Questions for the Drinks Industry
- Moët Hennessy unveils first Travel Retail outlet
- Diageo puts Beckham centre stage in Haig Club ad
- Moet Hennessy sales falter in YTD
- Diageo Q1 sales dip "in line with expectations"
- Diageo to appeal Parrot Bay UK TV ad ban