|
Beverage maker AG Barr PLC reported improved half-year earnings, raised its dividend and confirmed guidance. Pretax profit in the 26 weeks to July 26 advanced 41% to £35.2 million from £24.9 million a year prior, as revenue climbed 3.1% to £228.1 million from £221.3 million. The Irn-Bru, Rubicon and Boost maker left its outlook for the full-year unchanged. It expects to see revenue and margin progression, according to an outlook given in its annual results in March. In financial 2025, it achieved revenue of £420.4 million and an adjusted operating margin of 13.6%. The first half adjusted operating margin improved to 15.0% from 13.0% a year earlier. ‘I am pleased to report strong first half results that reflect continued delivery against our strategic priorities and positive momentum across the business. We are making good progress putting in place the building blocks of long-term growth,’ Chief Executive Officer Euan Sutherland said. ‘We are investing in our brands, operations and people to build a stronger, scalable, more profitable business. Our soft drinks portfolio performed well in H1 and we expect continued growth in H2 underpinned by increased marketing activity and new product innovation. We also continue to diversify our portfolio into high growth segments.’ AG Barr lifted its interim dividend by 11% to 3.44 pence per share from 3.10p. The firm added: ‘Our first half performance was in line with our expectations and reflects meaningful positive progress against our strategic plans. We entered the second half with good momentum, supported by a strong programme of brand activity, innovation and commercial execution. We have a clear plan for H2, aligned to our long-term growth strategy, and remain focused on investing behind our brands to drive top-line growth.’ Shares in the company rose 1.3% to 687.00p each in London on Tuesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
