A.G.BARR Plc (BAG.L) on Tuesday issued a trading update for the fiscal year ended January 31, reporting performance in line with expectations and double-digit profit growth. The company reported revenue growth of around 4 percent, with sales increasing to approximately 437 million pounds from 420 million pounds in the previous year.
On the LSE, BAG.L is currently trading up 5.2 percent on Tuesday at 684.00 pence.
According to the Scottish multi-beverage company, adjusted operating margin improved to about 14.7 percent, compared with 13.6 percent last year, supported by benefits from ongoing efficiency initiatives and continued investment in the supply chain.
During the financial year, A.G. Barr said that it completed the acquisition of Frobishers for 13 million pounds toward the end of the period, funded from the company's net cash position. After the period end, it also completed the acquisition of Fentimans on February 2, for approximately 38 million pounds, financed through a combination of cash and debt.
The integration of both Fentimans and Frobishers is expected to take place during fiscal 2027, with associated efficiencies beginning to emerge from the second half of the year.
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