Irn Bru maker AG Barr eyes dip in annual sales
Soft drinks giant AG Barr has said it expects a dip in sales for the full year, citing a "challenging and highly competitive" market.
The Cumbernauld-based producer of Irn Bru, Strathmore water and Rubicon, expects revenue to decline by about 1.5%, to £257m, for the year to 30 January.
However, it said business improved in the second half.
Fourth-quarter revenue is expected to grow by more than 2.5% year-on-year.
In a trading update, AG Barr said it had delivered "a robust market performance" over the year.
It added: "Having dealt with the challenges of the first half and successfully managed the festive trading period we are on course to meet our expectations for the year.
"While trading conditions are expected to remain challenging, we are confident that the combination of our strong and flexible business model, our differentiated brands and our well-invested asset base will allow us to deliver further long-term business success."
The company plans to announce its full-year financial results on 29 March.