UK: AG Barr Q3 sales climb, confident on FY
In Q3, AG Barr sales climbed 6.4%
AG Barr has recorded an increase in third-quarter sales, and said it remains confident of delivering its plans for the full-year.
For the three months to the end of October, sales in the period climbed 6.4% compared to the same period last year. This was despite "tough year comparatives" in the corresponding quarter in 2009, when sales registered a 20% jump, the UK-based firm said today (8 December).
In the first nine months of 2010, sales increased by 11.6%.
The Irn-Bru maker said supply chain changes are now in place to allow for the planned closure of the company's Mansfield site early in 2011.
Looking ahead, the firm said trading remains in line with expectations, despite "a very competitive environment".
"General economic conditions continue to be challenging and raw material pricing, PET and sugar in particular, is both volatile and currently trending upwards," it added. "However we expect to continue to mitigate these cost pressures and consequentially we remain confident of delivering our plans for the full year."
Click here to view the full earnings release.
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