Irn-Bru maker AG Barr profits soar as Rubicon brand makes gains

Irn-Bru maker AG Barr profits soar as Rubicon brand makes gains
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Irn-Bru maker AG Barr profits soar as Rubicon brand makes gains
Published: Jan, 28 2025 11:09

Summary at a Glance

AG Barr shares rose 6.17 per cent or 36p to 619p on Wednesday, having risen over 11 per cent in the last year.

AG Barr, which also owns the Boost brand, expects to post revenues of around £420million for the 12 months to 25 January, reflecting a 5 per cent increase from the previous year's £400million.

Its adjusted operating margin is expected to show 'strong improvement' and climb to 13.5 per cent by the end of the period, up from 12.3 per cent a year ago.

Sutherland added: 'AG Barr is in line to deliver another year of strong top line growth, margin improvement and cash generation.

The FTSE 250 firm told investors that Scottish-favourite Irn-Bru is now 'one of the top five carbonates in the UK', while Rubicon had proved a 'stand-out performer' in 2024 with another year of double digit revenue growth.

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