Soft drinks group AG Barr has announced a 3.9% rise in total revenue for the 18 weeks to 28 November compared to the same period last year.
Year to date revenue as at 28 November declined by 0.2% and on a reported basis was down 2.2%
The company said revenue performance in the third quarter had gained momentum as the firm puts “the specific challenges of the first half behind us and return to our long-term growth strategy”.
The group said it had maintained its market share supported by continued brand investment. It said margins remained in line with expectations, underpinned by ongoing tight cost control activity.
Its warehouse expansion project at its Milton Keynes site is nearing completion and good progress is being made on the production capability projects at both Milton Keynes and Cumbernauld.
On the outlook,k the group said: “We are now entering the important festive trading period and we anticipate the marketplace will remain highly competitive. However our sales execution activities are well developed and, as previously stated, assuming satisfactory Christmas trading, the Company remains on track to meet the Board’s expectations for the year.”
