TIDMBAG

RNS Number : 7384F

Barr(A.G.) PLC

20 July 2021

IMMEDIATE RELEASE 20 July 2021

A.G. BARR p.l.c.

("A.G. BARR")

A.G. BARR p.l.c. produces and markets some of the UK's leading drinks brands, including IRN-BRU, Rubicon and Funkin.

Full year profit expected to be ahead of previous expectations

At our full year results on 30 March 2021 we communicated that the business was in strong financial health, with our brands and business poised for growth on a like for like basis.

Trading since then has been better than anticipated, driven by a combination of factors, some Covid related, including customer restocking, in the hospitality sector in particular, and some associated with underlying brand momentum, such as the positive performance of recent innovation launches.

As such we now expect profit for the current 53-week financial year, to the end of January 2022, to be slightly ahead of the performance delivered in the 52-week year prior to Covid (2019/20 Profit before tax : GBP37.4m).

We will provide further information at our scheduled H1 trading update on 3 August 2021.

For more information, please contact :

   A.G. BARR   0330 390 3900                                 Instinctif Partners  020 7457 2010/05 
   Roger White, Chief Executive                                          Justine Warren 
   Stuart Lorimer, Finance Director                                      Matthew Smallwood

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTGPUAGMUPGGMB

(END) Dow Jones Newswires

July 20, 2021 02:00 ET (06:00 GMT)

Grafico Azioni Barr (a.g.) (LSE:BAG)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Barr (a.g.)
Grafico Azioni Barr (a.g.) (LSE:BAG)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Barr (a.g.)