FDBusiness.com

AG Barr Continues to Outperform UK Soft Drinks Market

 Breaking News
  • Arla Foods Further Strengthens its Innovation Agenda As Arla Foods continues its pursuit to become one of the leading dairy innovators in the world, it is taking a bold new approach to innovation and new product development, including creating a new Product and Innovation organisation and appointing a new Senior Vice President. Driving the development of the new organisation is the opportunity Arla has [...]...
  • Orkla Buys Pama Brand Okla, the leading branded consumer goods company in the Nordic region, has purchased the Pama brand, a local brand offering consumers porridge rice in Denmark and Sweden, from PepsiCo for an undisclosed price. Pama had been a part of PepsiCo since its acquisition of The Quaker Oats Company in 2001. Orkla Foods Danmark is currently distributor [...]...
  • Label&Print 2019 Welcomes the Future of the Print Industry Label&Print, which returns to Birmingham’s NEC on 27 & 28 February 2019, will offer visitors an exclusive look at the future of the industry, showcasing the very latest products, services and technologies available to the packaging community. From leading sellers and manufacturers of print and labelling equipment, through to designing, branding and finishing experts, it [...]...
  • PepsiCo Elects CEO Ramon Laguarta as Chairman PepsiCo’s board of directors has unanimously elected Ramon Laguarta as the company’s Chairman, succeeding Indra K. Nooyi who announced in August 2018 her intention to step down as PepsiCo CEO effective October 3, 2018 and remain Chairman until early 2019 to ensure a smooth and seamless transition. The appointment is effective when Chairman Nooyi retires from the company [...]...
  • Visitors to Irish Whiskey Distilleries Up 13% in 2018 The Irish Whiskey Association (IWA) has published statistics which show that there were 923,000 visitors to Irish whiskey distilleries in 2018. This marks a 13.4% increase on 2017, when visitor numbers reached 814,000. The figures are based on returns from 13 Irish whiskey distillery visitor centres and brand homes located across the island of Ireland. Overseas [...]...

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

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements