Irn-Bru maker Barr expects £136m first-half revenue

Cumbernauld-based Irn-Bru maker A.G. Barr said in a trading update its revenue for the 26 weeks ended July 28, 2018, is expected to be around £136 million, an increase of 5% on the prior year.

A.G. Barr, which also makes Rubicon, Strathmore and Funkin, said it is on track to meet full year profit expectations.

A.G. Barr CEO Roger White said: “We have delivered strong top-line growth in a period of considerable marketplace volatility and change.

“Our growth across core brands is especially encouraging and our strong second half brand and sales development plans give us confidence that we can deliver against our profit expectations .”

In its outlook, A.G. Barr said: “The external landscape remains volatile.

“In addition we have seen the implementation of the Soft Drinks Industry Levy, the market impact of which is still to be fully determined.

“During this period of uncertainty we will continue to invest behind our brands, innovation and people which, while having a moderate impact on margins in the current financial year, will support the delivery of our growth strategy.

“Our full year profit expectations remain unchanged.”