Irn Bru maker AG Barr expects revenue growth as merger nears

Kasmira Jefford
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AG BARR, the maker of soft drinks Irn Bru, Tizer and Rubicon, yesterday said it expected to have outperformed the soft drinks market in its final quarter despite a summer of bad weather.

The company, which is awaiting approval from the Office of Fair Trading on its merger with rival Britvic, anticipates total sales in the final quarter to be over five per cent ahead of the prior year.

Full year revenues are expected to be around £253m, reflecting a year-on-year growth of around seven per cent.

“Despite very poor summer weather and a competitive market place, all of our core brands grew in the year,” AG Barr said.

The group, which is building a new warehouse and production site at Milton Keynes for future expansion, said production at the site is on track to start this summer.