Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

Drinks Firm AG Barr Cites 'Challenging' UK Market Conditions

Drinks firm AG Barr, the parent company of brands including IRN-BRU, Rubicon, Strathmore and Funkin, has said that 'challenging' market conditions are likely to see it post a decline in sales in the first half of the year.

In a trading statement, the company said that the UK soft drinks industry has posted a 0.8% decline in value sales in the first half of the year, and a volume decline of 0.4%.

'Consequently trading has been highly competitive but, despite this difficult market backdrop, we have maintained both value and volume overall market share,' it said.

'We anticipate revenue in the period of £125m, down 2.9% year on year on a like for like basis.'

The period saw the company unveil a series of new products, including a New IRN-BRU zero sugar variant and three other new lower sugar products.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones

 

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days