IRN-BRU maker AG Barr’s sales fizzing ahead of Britvic merger

IRN-BRU maker AG Barr’s revenues fizzed nine per cent higher than last year in the 18 weeks to the start of December.

The Scottish drinks maker, which is set to merge with Britvic, also saw volume increase by 6.6 per cent for the same period year-on-year.

Year-to-date revenues as of 1 December also increased 6.5 per cent on the previous year.

Predicting a competitive Christmas season, AG Barr stated: “Our core brands have performed well in what has continued to be a competitive but robust soft drinks market. The market, as measured by Nielsen, increased in value by 3.3 per cent over the 26 week period ending 24 November 2012 with volume flat.

In the period our margins have performed in line with our expectations.”

The company, which also makes Tizer and Orangina, said it is making good progress with its news manufacturing plant in Milton Keynes, which it expects to start fitting our from next February.

Shares yesterday closed up 0.44 per cent at 480p.