Just reviewing the Annual Report - one comment that share price 31st March 1982 was 78.3p (they clearly have a lot of long term holders like me who one day may have CGT calculation to work out). Today around 14 and lots of divis along the way. All done on own generated cash. Sensible strategic move to buy Strathmore Water last year (press comment recently that Coca Cola looking at Highland Spring) - main Barr product is IRN BRU. Big operational improvements made in 2006 should provide springboard IMO for continued growth and mine remain locked away.Always DYOR

Interim Results

Key Points

● Total turnover increased by 5.8% to £128.7m (2012: £121.6m restated)

● Profit on ordinary activities before tax and exceptional items increased by 12.3% to £16.6m (2012: £14.8m restated)

● *Underlying earnings per share increased by 12.6% to 11.34p (2012:10.07p)

● Continuing financial strength

○ Net assets increased to £147.5m

○ ROCE at 21.5% on a rolling 12 month basis

○ Strong underlying free cash flow of £18.1m for the 6 month period

● Net debt of £15.8m; annualised net debt/EBITDA ratio is below 0.4 times

● IRN-BRU, Barr and Rubicon maintained strong market positions

● New production and distribution site at Milton Keynes has already commenced commercial production with further commissioning continuing for the balance of the year

● Agreement to implement Asset Backed Funding arrangement with Pension Trustees

● Interim dividend of 2.825p per share (2012: 2.616p), an increase of 8% on the prior year

Canaccord Genuity Buy 525.25 525.00 570.00 630.00 Upgrades

N+1 Singer Hold 525.25 525.00 525.00 525.00 Reiterates

Shore Capital Hold 533.75 525.00 - - Retains

Investec Add 533.75 525.00 585.00 585.00 Retains

Numis Add 533.75 525.00 578.00 578.00 Upgrades

Pre-close trading update

A.G. BARR p.l.c., the soft drinks group, today announces a trading update prior to entering a close period on 27 January 2014. Trading has maintained its strong momentum across the final quarter of the financial year and performance is expected to be ahead of the total soft drinks market.

It is anticipated that total sales revenue in the final quarter will be ahead of the prior year by circa 5.5%. This performance is particularly pleasing given the tough prior year comparatives which saw near double digit growth in the second half of last year. We anticipate full year revenue of circa £252 million reflecting a year on year growth of circa 6.1%.

Our core brands continue to respond positively to our ongoing investment and development actions despite the increased intensity of price-driven competition in all of the major trade channels. Underlying margins have improved versus the prior year however planned increases in levels of investment in marketing and promotion have capped further margin progress in the final quarter.

The operational performance of the business has been strong throughout the financial year, with excellent customer service delivered during periods of peak demand in the summer and across the Christmas trading period. This has been supported by the addition of the new site at Milton Keynes where commissioning of the plant and the logistics transfer programme are now complete, in line with the expected project timescales.

Over the period our free cashflow generation and balance sheet have remained strong, with the expected year-end net debt position better than previously anticipated.

A.G. BARR remains on course to meet its expectations for the financial year ending 26 January 2014.


Outlook

A.G. BARR has delivered a consistent and robust performance in a marketplace characterised by volatile consumer demand and weather patterns, in addition to the ongoing economic challenges faced by consumers and a tough competitive environment. Looking forward, although it is unlikely that these challenges will materially change, we remain optimistic that the combination of our well-invested operating platform, strong balance sheet, proven business model and capacity for growth leave us well positioned to continue to deliver long term shareholder value.

A.G. BARR intends to announce its full year financial results on 25 March 2014.

Final Results

Key Points

● Profit on ordinary activities, before tax and exceptional items, increased by 10.0% to £41.9m (2014: £38.1m)

● Total turnover increased by 2.7% to £260.9m (2014: £254.1m); stripping out the impact of the loss of the Orangina brand, turnover increased by 3.3%

● All core brands - IRN-BRU, Barr, Rubicon and Strathmore - grew, outperforming the market, with particularly strong growth coming from the stills segment driven by Strathmore water.

● Robust financial position

○ *ROCE increased to 24.0%

○ Substantial *underlying free cash flow of £40.6m

○ Net cash position at period end (2014: £2.1m net debt)

○ *Underlying earnings per share increased by 4.6% to 28.25p (2014: 27.02p)

● Investment in assets, infrastructure and systems across the Group progressing well

● Acquisition of Funkin Limited completed in February 2015, providing entry point to new growth category

● Proposed final dividend of 9.01p per share (2014: 8.19p) to give a proposed total dividend for the year of 12.12p per share, an increase of 10.0% over the prior year

Irn Bru maker AG Barr signals end to bottle returns

Interim Results

Key Points

· Total turnover was £130.3m (2014: £135.7m). Adjusting for the impact of discontinued business, turnover from ongoing business, including the recently acquired Funkin Limited ("Funkin"), declined 2.8%

· Adjusted* profit on ordinary activities before tax, interest and exceptional items increased by 3.3% to £17.8m. Statutory profit before tax decreased by 11.3% to £16.9m (2014: £19.0m)

· Free cash flow was £7.4m. Net debt stands at £19.9m (representing a net debt/EBITDA ratio of 0.4 times)

· The Funkin business is performing well against our pre-acquisition expectations

· Investment in our Milton Keynes site continued during the period with the successful commissioning of carton packaging capability and the commencement of the warehouse capacity increase project, due to be completed in early 2016

· Interim dividend of 3.36p per share (2014: 3.11p), an increase of 8.0% on the prior year

... sorry mate thought this was a Welsh rugby team thread :-)

FINAL RESULTS for the year ended 27 January 2018

A.G. BARR p.l.c., ("A.G. BARR"), which produces and markets some of the UK's leading drinks brands, including IRN-BRU, Rubicon, Strathmore and Funkin, announces its final results for the 52 weeks ended 27 January 2018.

Financial headlines

● Statutory profit before tax increased by 4.2% to £44.9m (2017: £43.1m) on revenue up 8.0% to £277.7m (2017: £257.1m)

● Profit before tax and exceptional items* increased by 4.0% to £44.1m (2017: £42.4m)

● Gross margin* increased by 20bps to 47.1%

● Operating margin before exceptional items* decreased by 60bps to 16.2%

● Basic earnings per share before exceptional items* increased by 3.4% to 31.30p (2017: 30.26p)

● Basic earnings per share increased by 4.8% to 32.25p (2017: 30.78p)

● Net cash position at year end of £15.0m (2017: £9.7m)

● Proposed final dividend of 11.84p per share (2017: 10.87p) to give a proposed total dividend for the year of 15.55p per share, an increase of 8.0% over the prior year



Strategic highlights

● Strong core brand trading and the continued successful innovation accelerated growth across our soft drinks portfolio, significantly outperforming the market

● Funkin revenue growth of 25% reflecting growth across all product segments

● 99% of portfolio now out of scope of the soft drinks industry levy

● A new long term strategic partnership agreement completed with Bundaberg Brewed Drinks effective April 2018, in addition to the San Benedetto partnership disclosed earlier in the year

● PET investment at Milton Keynes delivered successfully

● Share repurchase programme progressing to plan

● Strong innovation pipeline for 2018


Roger White, Chief Executive, commented:

"Over the past 12 months we have delivered consistent broad-based sales growth across our portfolio, well ahead of the soft drinks market performance throughout the year, supported by successful innovation, strong core brands and further development of our partnerships.

The UK economic landscape is expected to remain uncertain for business as a whole, with regulation, changing customer dynamics and consumer preferences adding further volatility for the soft drinks industry. We have a strong and flexible business model and a growing portfolio of brands, both established and nascent, which reflect the requirements of today's changing consumers. We remain confident in our ability to capitalise on the opportunities to grow our business and deliver long-term value to shareholders".