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AG Barr Profit Soars 41% as Pricing, Energy Drinks Power First-Half Results

The Irn-Bru maker maintained full-year targets despite subdued consumer confidence.

Overview

  • For the 26 weeks to 26 July, revenue rose 3.1% to £228.1 million and pre-tax profit increased 41.4% to £35.2 million.
  • The company said first-quarter pricing moves initially reduced volumes before sales recovered later in the half.
  • Energy, sports drinks and water led category gains, with the Boost energy brand delivering double-digit growth.
  • AG Barr is expanding in health-focused functional drinks after acquiring a majority stake in Innate-Essence, parent of The Turmeric Co, in July.
  • Shares were reported up about 1.3% on Tuesday morning as the group reiterated its financial targets for the year.