24 January 2007 - British soft drink producer AG Barr plc has informed the London Stock Exchange that trading is in line with expectations and that their results for the financial year ending on 27 January are also expected to be in line with market expectations.
The drink maker explains that trading is in line with expectations mainly due to the company’s successful integration of Strathmore Mineral Water Company, which produces bottled water, following the GBP 15 million acquisition in May 2006.
AG Barr also believes that the completion of its Scottish investment project, including a new GBP 17 million sales centre and the closure of 6 sites, as well as the new can line at their Cumbernauld factory and the relocation of the Company headquarters to Cumbernauld are also factors which have influenced the trading update.
Roger White, AG Barr’s Chief Executive, commented: “This has been a challenging year throughout the business with significant operational improvements having been made at the same time as we have accelerated our top line sales performance. We are pleased with the progress we have made this past financial year and believe it provides us with a strong platform for further profitable growth."
A.G. Barr’s soft drink brands include Irn-Bru, Strathmore, Tizer and Orangina.