UK: AG Barr's FY on track after 'strong' Q4
The Irn Bru producer anticipates a 6% rise in FY sales
AG Barr has said it expects full-year sales growth of around 6%, in line with its forecasts, after a “strong” final quarter.
In a trading update this morning (23 January), the Irn Bru producer said it had seen continued "strong momentum" in Q4, with sales in the period expected to come in 5.5% up year-on-year. "This performance is particularly pleasing given the tough prior year comparatives which saw near double digit growth in the second half of last year," the company said.
For the full year, the North Lanarkshire, Scotland-headquartered group said it anticaptes sales of around GBP252m, a rise of around 6.1% on 2012.
"Our core brands continue to respond positively to our ongoing investment and development actions despite the increased intensity of price-driven competition in all of the major trade channels," Barr said.
The company added that it remains on course to meet its expectations for its financial year, which finishes on Sunday (26 January).
In September, Barr reported a 12.9% drop in first-half profits after costs from its failed merger with rival Britvic dented its bottom line.
Sectors: Soft drinks
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