FDBusiness.com

AG Barr Continues to Build For Profitable Long-term Growth

 Breaking News
  • Hilton to Purchase 50% of Leading Vegetarian Manufacturer Hilton Food Group, the leading specialist international food packing business supplying major food retailers in Europe and Australia, has agreed to purchase a 50% shareholding in Dalco Food, a leading vegetarian product manufacturer based in Oss, the Netherlands. Hilton has agreed to enter into a joint venture agreement with Dalco’s shareholders, which includes an option [...]...
  • Great British Cheese Awards Winners Announced The winners of the Great British Cheese Awards have been announced. The Great British Cheese awards were established three years ago to celebrate the best of British cheese produced and distributed by independent cheese makers and retailers and this year, both established artisan brands and new cheesemakers have taken top awards. The category winners are: Artisan Producer – Tenacres, [...]...
  • Over 90% of Sampled Salt Brands Globally Found to Contain Microplastics Over 90% of sampled salt brands globally were found to contain microplastics, with the highest number coming from salt sourced in Asia, according to a new study co-designed by Kim, Seung-Kyu, Professor at Incheon National University and Greenpeace (www.Greenpeace.org) East Asia.[1] The study, which has been published in Environmental Science & Technology, a peer-reviewed scientific journal, [...]...
  • Ardgowan Unveils Plans For Inverclyde Distillery Ardgowan Distillery has revealed ambitious designs for its new £12 million distillery which is being built on the Ardgowan Estate near Inverkip, 30 miles west of Glasgow. The plans showcase the flagship building which has just secured revised planning consent from Inverclyde Council. The striking new design, by Michael Laird Architects, brings a number of improvements [...]...
  • HKScan Launches Exports of Finnish Poultry Products to Sweden HKScan, the Nordic food and meat group, has started exporting Finnish poultry products to Sweden. They will initially be sold through the largest retailer ICA’s outlets under the Karinäs®(Kariniemen®) brand. The launch gives Swedish consumers access to a new innovation: high welfare farm-born poultry that is hatched on the farm where it is raised. This new concept is [...]...

AG Barr Continues to Build For Profitable Long-term Growth

AG Barr Continues to Build For Profitable Long-term Growth
March 26
09:59 2015

UK soft drinks manufacturer AG Barr has reported a 10% increase in profit before tax (pre-exceptional items) to £41.9 million for the 12 months to 25 January 2015 on turnover up by 2.7% to £260.9 million. Stripping out the impact of the loss of the Orangina brand, which exited the portfolio in July 2014, turnover increased by 3.3%

All the group’s core brands – Irn-Bru, Barr, Rubicon and Strathmore – grew, outperforming the market, with particularly strong growth coming from the stills segment driven by Strathmore water.  The 2.7% revenue growth comfortably outperformed a more lacklustre total UK soft drinks market.

Net margin rose by 100 bp to 16.1% as AG Barr benefited from the structural operating improvements which it has implemented in its supply chain and further overhead cost control, as well as a more benign cost of goods environment. Alongside its cost control actions, AG Barr has continued to invest in its long term success with significant capital investments in operating infrastructure and continued high levels of investment in our core brand equities, innovation and executional capability.

AGBarrFunkinIn September 2014, AG Barr entered a new partnership with Dr Pepper Snapple Group (DPSG) to develop the Snapple brand in the UK and on a wider European basis. The brand management transferred to AG Barr in January 2015. In February 2015, AG Barr completed the acquisition of Funkin for up to £21 million to gain entry to a new growth category – cocktail mixers and syrups.

Roger White, chief executive of AG Barr, comments: “We have delivered an excellent financial performance in difficult market conditions over the past 12 months, whilst continuing to build the platform required for sustained and profitable long-term growth. Looking forward we will continue our approach of tight cost control, rigorous cash management and focus on execution whilst continuing to invest for the long-term in our brands, assets and people.”

He continues: “Overall market conditions are expected to remain challenging. The UK soft drinks market is currently experiencing a period of price deflation which will, if sustained, make it more difficult for many businesses to deliver the top line growth of recent years. Whilst our year has started slowly, reflecting tough comparative trading and promotional phasing, we are confident that our management actions, combined with our proven business model, will enable us to further unlock the significant potential that AG Barr offers its shareholders this year and into the future.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
  • October 31, 2018Int'l exhibition for food products and equipment (Indagra Food)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements