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Irn-Bru maker AG Barr has unveiled a rise in first-half
profits of almost 10% as chief executive Roger White
insisted the group would meet its end-of-year targets
despite tough market conditions.
Profits were up by 9.8% to ?11.1m for the six months to
26 July, against a more modest increase in sales of just
under 6% to ?82.4m.
The results come after AG Barr, which also operates
brands including Tizer and Rockstar, sealed the
acquisition of juice group Rubicon last month for just
under ?60m.
?This has been the second summer of poor weather in a
row [but] we have continued to see excellent top-line
sales growth,? said White. ?Our core brands have
performed well and we have seen a strong performance
from the Rockstar brand in its first year.?
He continued: ?The combination of poor summer weather,
volatile input costs and the generally gloomy economic
outlook will make the balance of the year challenging;
however, assuming the market doesn't deteriorate
significantly from now, we anticipate meeting our
expectations for the full year.?
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