Update - UK: Analysts toast AG Barr's "strong" quarter
By Michelle Russell | 26 January 2012
 |
The analysts said AG Barr benefited from the expansion in distribution of its portfolio across the UK |
AG Barr has delivered a strong final quarter, despite "challenging market conditions", Panmure Gordon analysts have said.
This morning (26 January), the Irn-Bru producer said it predicts a 6% rise in like-for-like sales for the 12 months to 28 January, on the back of a strong fourth quarter and continued demand for its core brands. Like-for-like sales in the final quarter are expected to come in around 12% ahead of the prior year.
"AG Barr delivered a strong final quarter ... resulting in FY 2012 revenue growth of 6% ahead of our 4.3% forecast," said analysts from Panmure Gordon. "We believe the company remains on course to report 4% growth in operating profits to GBP34m (US$53.4m) for FY 2012."
The analysts said the company has benefited from an expansion in distribution of its portfolio across the UK, in addition to promotions for the Irn-Bru brand.
"[AG Barr] shares have risen by 14% over the past twelve months, outperforming the FTSE All Share by 17%," the analysts added. "The company continues to deliver strong operational performances and should be able to finance the expansion in England from its strong balance sheet."
Earlier this month, AG Barr confirmed its plans to build a GBP40m bottling and distribution centre in the south of England.
AG Barr's share price climbed by 5.25% to GBP1.29 at 1343 GMT.
Expert analysis
A.G.BARR p.l.c. (BAG) - Financial and Strategic SWOT Analysis Review
This comprehensive SWOT profile of A.G.BARR p.l.c. provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
Sectors: Company results, Soft drinks, Water
Companies: AG Barr
View next/previous articles
26 Jan 2012 -
Currently reading -
Update - UK: Analysts toast AG Barr's "strong" quarter
26 Jan 2012 -
Related research
MarketWatch Drinks - November 2011
Datamonitor's Drinks MarketWatch provides monthly insight into the key developments in the drinks industry, including the latest news, analysis, and opinion from Europe, North America, South and Central America, and Asia Pacific....
The Drinks MarketWatch contains the latest news, analysis, and opinion, covering all the month's major issues including new products and innovations, mergers and acquisitions, and marketing and regulatory issues. It covers the period from March 15 to...
The Drinks MarketWatch contains the latest news, analysis, and opinion, covering all the month's major issues including new products and innovations, mergers and acquisitions, and marketing and regulatory issues. It covers the period from March 15 to...
Related articles
UK/RUSSIA: AG Barr to fight Irn-Bru trademark challenge
AG Barr has said it will "vigorously fight" a legal case being brought against it in Russia which could end its protection of the Irn-Bru brand in the country.
UK: AG Barr reports revenue rise despite wet weather
Soft drinks group AG Barr has said that sales rose slightly in the 14 weeks to 5 May despite a wet April and low consumer confidence causing a "challenging" market.
There are currently no comments on this article
Be the first to comment on this article