Summer sun lifts profits at AG Barr

Selection of bottles photographed from above AG Barr's failed merger with its rival Britvic cost the company about £5m

Related Stories

Warm weather over the summer has boosted the profits at AG Barr, which makes Irn Bru and other soft drinks.

The firm made a pre-tax profit of £16.6m before one-off costs - a 12.3% increase compared with 2012.

However the company said its failed merger with Britvic cost it a total of nearly £5m.

AG Barr said the soft drinks market had "benefited from the excellent summer weather, however competition remains intense".

It added that "price promotion in the category has continued to accelerate, with the largest brands increasing the depth and quantum of price promotion".

First-half sales of AG Barr's brands, which also include Rubicon, Orangina, and Tizer, increased by 5.8% which is ahead of the total soft drinks market of 4.5%.

During that period, the better weather meant that the growth rate in the second quarter was more than double that of the first quarter.

In September 2012, AG Barr announced a plan to merge with its major rival, Britvic. However the deal was referred to the competition commission, and even although it received clearance the deal fell through.

The Cumbernauld-based firm said its focus over the past six months had been on the completion of its facility at Magna Park, Milton Keynes, which was now in commercial production.

It said the plant was performing "ahead of expectations".

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features

  • HandshakeKiss and make up

    A marriage counsellor on healing the referendum hurt


  • Pellet of plutoniumRed alert

    The scary element that helped save the crew of Apollo 13


  • Burnt section of the Umayyad Mosque in the old city of AleppoBefore and after

    Satellite images reveal Syria's heritage trashed by war


  • Woman on the phone in office10 Things

    The most efficient break is 17 minutes, and more nuggets


  • Amir TaakiDark market

    The bitcoin wallet with controversial users


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.