Higher turnover and profits for Irn Bru maker

Irn Bru production line Barr is planning to invest in a new production site in Milton Keynes

Related Stories

AG Barr, the maker of Irn Bru, has reported a significant increase in turnover and profits.

Final results for the year ending January 2012 show turnover up by 6.6% at £237m. Profit, post exceptional items, increased by 16.4% to £35.4m.

The company said it has overcome operational problems at its Cumbernauld production base and plans are well advanced for a new plant at Milton Keynes.

Sales of Irn Bru grew at a modest 2.7%.

Chief executive Roger White said: "AG Barr has demonstrated its resilience in the face of challenging market conditions, in particular coping with substantial raw material cost headwinds while achieving revenue growth based on brand development, innovation and improved focus on execution.

"Our operational performance improved substantially in the final quarter of last year and we are now beginning to see the benefits of our investment in our production assets.

"We are further reinforcing our confidence in our future growth prospects with the confirmation of our plans to invest in a new site, with substantial future capacity, in the Milton Keynes area."

The company reported that its new production and warehouse operation in the Milton Keynes area is in the "final stages" of contractual discussions.

Barr's Cumbernauld site is reported to be "performing well" after difficulties in the summer related to late commissioning.

Roger White added: "We anticipate 2012 will be another challenging year in the UK, with household disposable incomes remaining under pressure."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features & Analysis

Elsewhere on the BBC

  • ConcordeTime for change

    BBC Future looks at the crashes that altered plane designs forever

Programmes

  • French fashion designer Jean Paul Gaultier HARDtalk Watch

    French fashion designer Jean Paul Gaultier on why he uses unconventional models in shows

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.