AG Barr maintains margins despite higher costs

The firm said its restructuring and cost-control initiatives had help mediate escalating operational cost pressures and “record oil prices impacting costs especially in packaging, energy and fuel”.

Barr is also investing in its brands, in particular Taut and Vitsmart which will undergo major product and packaging redesigns in the second half of the year.

Chief executive Roger White said: “The combination of poor summer weather, volatile input costs and the generally gloomy economic outlook will make the balance of the year challenging.

“However, assuming the market doesn’t deteriorate significantly from now, we anticipate meeting our expectations for the full year.”

AG Barr brands include IrnBru, Tizer and Orangina.

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