fangift.blogg.se - Ag barr rubicon

Ag barr rubicon update#

Irn-Bru chief's earnings boosted by phenomenal £420,000 bonusĪG Barr said 2018 was an unprecedented year for soft drinks with changing pricing and promotional dynamics in the market following the introduction of the soft drinks industry levy (SDIL) – the sugar tax - alongside CO2 shortages and a long, hot summer.Īgainst this backdrop the company said it placed an intentional short-term trading focus on volume which successfully boosted growth.

It is also anticipated that there will be some exceptional costs incurred in the current financial year as it takes action to regain momentum.

Outlook revenue for the 26 weeks to 27 July 2019 is estimated to be in the region of £123 million, representing a decline of around 10% on the 2018 from £136 million.ĭespite its strong second half plan the firm said it is not expected that it will recover fully from the volume impact in the first five months of this year and the current trading it is experiencing.Īs a result, it expects profit performance for the full year to decline versus the prior year by up to 20%.

Ag barr rubicon update#

In a pre-close trading update today, it added that it has also been hit by disappointing spring and early summer weather, most notably in Scotland and the north of England. Irn-Bru energy drink to be launched this summer.The Cumbernauld-based producer of Irn-Bru said trading for the year so far has been below expectations and blamed disappointing sales of its Rockstar energy drink and Rubicon brands.

Shares in AG Barr plunged nearly 30% after it warned revenue will be down 10% and profits up to 20% this financial year.