Soft drinks maker AG Barr outperforms expectations

Shore Capital has upgraded its forecast for IRN-BRU maker AG Barr (LON: BAG) which has appointed a new chief executive.

Scotland-based AG Barr’s revenues were £400m in the year to January 2024, which is 26% ahead of the previous year. This includes a full contribution from the Boost drinks business acquired in December 2022. Organic growth was nearly 8%. All the core soft drinks brands grew.

Shore has upgraded its full year pre-tax profit from £47.5m to £49.5m. The broker expects further growth to £52m in 2024-25, although this has not been upgraded. The cash pile could exceed £61m at t...

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