REG - Barr(A.G.) PLC - Trading Update

A G BarrAnnouncement

29/11/2021 07:00

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RNS Number : 8001T  Barr(A.G.) PLC  29 November 2021

IMMEDIATE RELEASE
 
29 November 2021

A.G. BARR p.l.c.

("A.G. BARR")

 

A.G. BARR produces and markets some of the UK's leading drinks brands,
including IRN-BRU, Rubicon and Funkin.

Full year profit now anticipated to be ahead of current market expectations

 

The positive trading momentum reported at our interim results in September has
continued and sales have grown ahead of our expectations, across both our Barr
Soft Drinks and Funkin business units.  Our performance in both the "on the
go" and hospitality sectors remains particularly strong and our recent
innovation launches have exceeded our expectations.  In what remains a
challenging supply chain environment, our production and wider supply chain
have maintained their resilience and supported the growth in volume we are
experiencing.

As a result of our continued strong volume performance and despite ongoing
near term operating cost pressures, we now anticipate both revenue and profit
before tax for the full year to be ahead of current market expectations.
Assuming no significant changes to current market conditions, we expect
revenue to be in the order of £264m and profit before tax to be around £41m.

The fast moving situation in relation to the COVID-19 pandemic remains a risk
however we expect our revenue momentum to continue into 2022 and we plan to
provide a further trading update in early February 2022.

For more information, please contact :

 

 A.G. BARR            0330 390 3900
                      Roger White, Chief Executive
                      Stuart Lorimer, Finance Director

 Instinctif Partners  020 7457 2020
                      Justine Warren
                      Matthew Smallwood

 

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