Irn-Bru manufacturer A.G. Barr full year profit expected to be ahead of previous expectations
Having communicated on 30 March that their business was in a strong financial state, the company has been able to kick on in the following months up to now and expects to post “better than anticipated” results.
They say that this has been spurred by a number of factors, including: Covid-19 restrictions being relaxed and recent innovation launches going successfully.
With restrictions relaxed across the United Kingdom from the 12 April, the company was able to have more success stocking shops and other hospitality venues.
As a result, A.G. Barr now expects profits for the 53-week financial year to the end of January 2022 to exceed those seen in the 52-week year 2019-2020 prior to the pandemic.
Profits for the 2019-20 year were £37.4m.
Roger White, Chief Executive, said: “We are pleased with the performance of the business in the year so far. There is good momentum behind our brands, supported by recent innovation such as our exciting new Rubicon RAW Energy range.”