Total revenue for the period on a like-for-like basis increased by 17.9%, compared to the same period last year. This is a good start to the 2010/11 financial year and reflects the combined effects of strong underlying growth momentum in key brands and the weighting of the company’s commercial activities towards the first half of the financial year.
The growth has been delivered across all core brands, with particularly strong performances by Irn-Bru and Rubicon. AG Barr has continued to invest heavily across the period in building its brands, utilising high-profile sport sponsorships that now cover football, cricket and rugby league as well as increased levels of traditional TV advertising activity.
Overall operating margins continue to be in line with expectations.
Planned manufacturing investments and supply chain changes are well advanced and the company is now moving into the implementation phases of both projects. We expect to deliver these major changes within cost and on time.
Source: AG Barr
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