Interim Management Statement

RNS Number : 3336D

Barr(A.G.) PLC

01 December 2009

 



FOR IMMEDIATE RELEASE                                                                           1 DECEMBER, 2009

A.G.BARR p.l.c.

Interim Management Statement

A.G.BARR p.l.c., the soft drinks group, today announces its Interim Management Statement covering trading for the period 2 August, 2009 to date.

Revenue for the quarter ended 31 October, 2009 increased by 21.4% compared to the same period last year.  Like for like sales increased by 10.8%.

The continued strong underlying performance in the core business has been maintained across the third quarter and further growth in the Rubicon brand has ensured we have continued to see good overall year on year performance.

Total revenue for the nine months to 31 October, 2009 increased by 25% with like for like sales up by 11.2%.

Operating margins remain in line with our expectations.

We recently announced further investment and restructuring across our manufacturing and supply chain and are currently consulting with all those employees affected by the proposal.

Our balance sheet remains strong and there have been no significant changes in the financial position of the Company since the publication of the Interim Accounts for the six months ended 1 August, 2009.

Outlook

Current trading remains in line with our expectations.  Economic conditions continue to be challenging and the soft drinks sector is highly competitive however, we remain confident of delivering our plans for the full year.

For further information, please contact:

A.G.Barr                                                                          Tel:    [phone]

Roger White, Chief Executive

Alex Short, Finance Director

Buchanan Communications                                     Tel:    [phone]

Tim Thompson

Nicola Cronk

 

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