Home Business NewsBusiness Irn-Bru maker AG Barr upbeat on profit expectations

Irn-Bru maker AG Barr upbeat on profit expectations

by LLB Reporter
29th Nov 21 11:23 am

Irn-Bru and Rubicon manufacturer AG Barr today said that its profits for the year are expected to beat market forecasts following strong sales.

The company anticipates both revenue and profit before tax for the full year to be ahead of current market expectations.

“Assuming no significant changes to current market conditions, we expect revenue to be in the order of £264m and profit before tax to be around £41m,” it said.

“The positive trading momentum reported at our interim results in September has continued and sales have grown ahead of our expectations, across both our Barr Soft Drinks and Funkin business units.  Our performance in both the “on the go” and hospitality sectors remains particularly strong and our recent innovation launches have exceeded our expectations.  In what remains a challenging supply chain environment, our production and wider supply chain have maintained their resilience and supported the growth in volume we are experiencing.”

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