The UK soft drinks group, AG Barr, posted a pre-tax profit for the six months to 26 July 2003 of £7.18m, up 16% from £6.18m in the corresponding period in 2002.
Operating profit rose by 14.6% from £6.04m to £6.92m on sales up 5.9% from £62.22m to £65.89m.
Go deeper with GlobalData
“This excellent result reflects a continuation of the improvement achieved during the last full year to January 2003 and was boosted by the very favourable weather conditions this summer with a consequential increase in sales volumes,” said CEO, Robin Barr. “We are in a market segment where demand has been buoyant this year and is forecast to continue to rise long term.”
Barr said that its citrus-based and non-carbonate portfolio, including Orangina, Lipton Ice Tea, Simply Citrus and Findlays Water, had benefited the most from the hot summer weather.
Sales remained buoyant after the end of the period under review, Barr said, with the hot weather continuing into August, though this was being compared with a period of hot weather the year before. Turnover for the first seven weeks of the second half of the year was up by 2% from the year before.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
