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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  A.G. BARR p.l.c.    BAG   GB00B6XZKY75

A.G. BARR P.L.C.

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A G BARR p l c : .G. Brr sees nnul profit t top end of forecst on higher prices

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01/28/2020 | 03:13am EST
Irn Bru is seen on the shelves of Scotch Corner in Pitlochry, Scotland

A.G. Barr, best known for Scottish fizzy drink Irn-Bru, said on Tuesday it expects annual adjusted pretax profit to be at the top end of current market view, helped by higher prices of its soft drinks.

In July, the company forecast lower annual profit as price increases for its drinks hit volumes. The company had cut prices in 2018 and changed the recipe for some of its drinks in response to a sugar tax, boosting sales in that year.

The British soft drink maker expects adjusted pretax profit just above 37 million pounds ($48.63 million) for the year ended Jan. 25., compared with 45.2 million pounds last year.

"We are taking action to reset our business and we enter the new financial year with confidence and a strong trading plan," Chief Executive Officer Roger White said.

The Rockstar and Rubicon maker expects full-year revenue to be around 255 million pounds, compared with 279 million pounds last year.

A.G. Barr also said it completed the first phase of its business re-engineering programme and expects associated exceptional costs of 1.5 million pounds to 2 million pounds in the year to be almost entirely offset from the removal of a wind turbine in Cumbernauld.

Shares of the company jumped nearly 10% to 596 pence by 0810 GMT, topping gainers on the FTSE midcap index.

(Reporting by Tanishaa Nadkar in Bengaluru; editing by Uttaresh.V)

Stocks mentioned in the article
ChangeLast1st jan.
A.G. BARR P.L.C. -0.25% 552 Delayed Quote.-3.10%
LONDON SUGAR -0.26% 420.1 End-of-day quote.16.79%
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Financials (GBP)
Sales 2020 255 M
EBIT 2020 37,5 M
Net income 2020 27,7 M
Finance 2020 11,1 M
Yield 2020 2,92%
P/E ratio 2020 21,7x
P/E ratio 2021 20,7x
EV / Sales2020 2,41x
EV / Sales2021 2,28x
Capitalization 625 M
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Technical analysis trends A.G. BARR P.L.C.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 10
Average target price 546,25  GBp
Last Close Price 562,00  GBp
Spread / Highest target 17,4%
Spread / Average Target -2,80%
Spread / Lowest Target -18,1%
EPS Revisions
Managers
NameTitle
Roger Alexander White Chief Executive Officer & Executive Director
John Ross Nicolson Non-Executive Chairman
Stuart Lorimer Finance Director & Executive Director
William Robin Graham Barr Non-Executive Director
Jonathan David Kemp Executive Director & Commercial Director
Sector and Competitors