AG Barr Outperforms UK Soft Drinks Market

 Breaking News
  • World’s Most Modern Snack Plant Begins Operations in Finland The world’s most modern dairy snack plant has commenced operation at Valio Riihimäki in Southern Finland. The snack plant is the largest single investment in Valio’s history. Construction of the new snack plant began in 2014 and took about three years. The area of the plant building is approximately 20,000 square metres. The plant is [...]...
  • FrieslandCampina Sells Fruit Juice Business The Dutch investment company Standard Investment is acquiring Riedel, the fruit juice business of FrieslandCampina, for an undisclosed sum. Based at Ede in the Netherlands, Riedel has a turnover of about €125 million and employs 200 people. Completion of the transaction is expected before the end of 2017. Earlier this year, FrieslandCampina announced that it would [...]...
  • LacPatrick is Cream of the Crop in UAE LacPatrick, the international dairy co-operative, has secured over £1 million of sales of its LP spray dried whole milk and skimmed milk powder in the United Arab Emirates (UAE), following participation at the Gulfood exhibition in February 2017. LacPatrick is one of Northern Ireland’s major manufacturing employers, employing over 300 staff across its Ballyrashane, Artigarvan [...]...
  • Tate & Lyle Launches CLARIA® Instant Functional Clean-Label Starches Tate & Lyle, a leading global provider of food ingredients and solutions, has announced a further expansion of its line of CLARIA® Functional Clean-Label Starches with the introduction of two new instant starch products: CLARIA® Instant 340 and 360. As claims such as ‘smooth’, ‘luscious’ and ‘velvet’ continue to grow, manufacturers are eager to develop textures [...]...
  • Reveal Impact – Ardagh Group to Launch a Two-Stage Thermochromic Solution Reveal Impact features combined temperature-sensitive inks with a twist. The new solution for aluminium cans uses two different thermochromic inks, which both boast the same colour when cooled down. However, once the can gets warmer again, one colour disappears quicker than the other, revealing a hidden message to the consumer. The revealed message surprises the [...]...
  • HKScan Opens New €80 Million Poultry Plant HKScan, the Nordic meat group, has just opened its new, state-of-the-art poultry unit at Rauma in Finland. Valued at over €80 million, the new facility is the largest investment in HKScan’s history. Indeed, the state-of-the-art Rauma unit ranks among the most significant investments in the history of the Finnish food industry. Jari Latvanen, president and chief [...]...

AG Barr Outperforms UK Soft Drinks Market

AG Barr Outperforms UK Soft Drinks Market
March 22
12:32 2013

AG Barr has grown revenue and volume well ahead of the UK soft drinks market in both the carbonates and still segments during the 52 weeks to 26 January 2013. Sales increased by 6.6% to £237.6 million and underlying pre-tax profits rose by 4.3% to £35.0 million. Exceptional items amounted to £3.2 million, primarily relating to professional and legal fees in connection with the proposed all-share merger with Britvic.

Raw material cost inflation and volatility continued to be a feature in 2012 which, coupled with the increased cost of promotion, impacted on margins. However, this was partially mitigated by AG Barr’s cost control and pricing actions.

The overall the UK soft drinks market experienced carbonates growth of 3.8% in value but was in marginal decline in volume terms, whilst the still segment grew value by 1.9% with volume declining 1.0%. During the 52 weeks to 26 January 2013, AG Barr grew carbonates revenue by 7.1% and volume by 6.0%. Stills also performed well relative to the market, growing revenue by 4.3% and volume by 4.1%. The soft drinks producer’s performance was driven by consistent growth across the portfolio, with carbonates particularly benefiting from the double digit growth in the Barr range and the significant growth in the Rockstar brand. Stills continue to grow steadily as AG Barr further developed its exotic brands Rubicon and KA.

Roger White, chief executive of AG Barr, comments: “AG Barr has delivered a robust financial performance and continued to grow well ahead of the UK soft drinks market in the period. This once more proves the resilience of our operating model and the potential of our brands. Across the year, market conditions have remained difficult, specifically impacted by poor summer weather and further cost of goods inflation. Despite the added distraction of the merger discussions with Britvic plc, the business has remained focused and delivered all of the ‘business as usual’ operating plans across the year.”

Following referral of the proposed merger between AG Barr and Britvic to the Competition Commission, both companies are working with the Competition Commission during its investigation with a view to seeking clearance for the deal.

“While we await the Competition Commission’s findings, we will continue to build and develop our plans to ensure the long term success of AG Barr as a standalone business,” he adds. “We remain confident in our future prospects both as a standalone business and combined with Britvic plc.”

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers