FDBusiness.com

AG Barr Continues to Outperform UK Soft Drinks Market

 Breaking News
  • Danish Crown Presents its New Brand Identity Farmer-owned Danish Crown is setting a new direction towards a more sustainable future from farm to fork. A new brand and narrative will make it clearer to customers and consumers that Danish Crown has started this transformation. At the same time, Tulip Food Company is to change its name to Danish Crown Foods. Danish Crown plans [...]...
  • Lantmännen and Yara Lead the Way Towards World’s First Fossil Free Food Chain Lantmännen, the Nordic region’s leader in agriculture, machinery, bioenergy and food products, and Yara, thespecialist in agricultural products and environmental protection agents, are taking a pioneering role in the transformation of the food system. The partners will launch a pilot project with the ambition to introduce the world’s first certified fossil free food chain. This move [...]...
  • High Quality Content Sees Packaging Innovations London Break Records Packaging Innovations and Luxury Packaging London celebrated its 10th anniversary with standout show content. This included launching three brand-new features, advancing the sustainability debate with a focus on plastic alternatives, and welcoming more exhibitors than ever before. As a result, the show, which returned to London Olympia recently, boasted a nine percent increase in visitor numbers, with more than 4,700 [...]...
  • Nestlé Inaugurates Packaging Research Institute Nestlé has officially inaugurated the Institute of Packaging Sciences, the first-of-its-kind in the food industry. The new Institute enables Nestlé to accelerate its efforts to bring functional, safe and environmentally friendly packaging solutions to the market and to address the global challenge of plastic packaging waste. Mark Schneider, Nestlé CEO, comments: “Our vision is a world [...]...
  • Three Meals a Day – The Key to Boosting Digestive Health Markets? The traditional pattern of breakfast, lunch and dinner may hold the key to boosting digestive health markets, according to Kerry Group, the makers of the leading probiotic, GanedenBC30®. A new GanedenBC30 report notes that 85% of consumers say they are interested in buying products with digestive health benefits, but only 45% actually do.1 Additional insights report on key [...]...

AG Barr Continues to Outperform UK Soft Drinks Market

AG Barr Continues to Outperform UK Soft Drinks Market
September 25
10:58 2012

UK soft drinks producer AG Barr continues to outperform the market with revenue in the 6 months to 28 July 2012 up by 4.9% to £130.0 million and volume ahead by 2.8% compared to the similar period in the prior year. However, after including the impact of a £1 million adverse currency movement of which approximately £0.6 million is expected to unwind in the second half, profit before tax was £14.9 million, down from £16.2 million in the similar period in the prior year. On a constant currency basis, first half profit before tax was down by £0.3 million.

Competition in the soft drinks market has been intense in the 6 month period, influenced by the drive to increase volume through promotion by some industry competitors. Many major brands have increased the volume of sales promoted through ‘buy one get one free’ and less than half price activity. AG Barr has responded by selectively increasing its promotional activity to compete for consumers, remaining very aware of the importance of achieving a sensible balance between good everyday pricing of quality products and maintaining brand equity.

AG Barr’s core brands of Irn-Bru, Barr and Rubicon maintained strong market positions and grew market share 

“We are particularly pleased with our financial performance given the ongoing challenging trading environment. We have continued to outperform, delivering further consistent growth in volume and value ahead of a market which has seen volume declines in the period,” comments Roger White, chief executive of AG Barr. “In addition we have maintained investment in the long term equity of all of our core brands. We are excited by the growth possibilities associated with the development of our new site at Milton Keynes which is now under construction.”

He adds: “Whilst we remain cautious regarding the second half, we have strong plans in place and are pleased to report sales in the first 7 weeks of the second half have shown double digit growth.”

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements