A brief year-end trading update with not a huge amount of details. The main point is that post the July 2019 profit warning, the PBT performance through a combination of mix and cost savings has come in towards top-end of market expectations, implying c18% y/y decline. So a c3% beat vs our £36.5m. Revenue decline at -9% however was worse than our -7%. This reflects ongoing challenges with the Rubicon and Rockstar barns and lower Irn-Bru volume due to price realignment. Net, the company had a bet ....
28 Jan 2020
Year-end update more reassuring than feared but rating remains full given ongoing headwinds
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Year-end update more reassuring than feared but rating remains full given ongoing headwinds
A.G. BARR p.l.c. (BAG:LON) | 582 11.6 0.3% | Mkt Cap: 652.0m
- Published:
28 Jan 2020 -
Author:
Sahill Shan -
Pages:
3
A brief year-end trading update with not a huge amount of details. The main point is that post the July 2019 profit warning, the PBT performance through a combination of mix and cost savings has come in towards top-end of market expectations, implying c18% y/y decline. So a c3% beat vs our £36.5m. Revenue decline at -9% however was worse than our -7%. This reflects ongoing challenges with the Rubicon and Rockstar barns and lower Irn-Bru volume due to price realignment. Net, the company had a bet ....