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    BAG   GB00B6XZKY75

A.G. BARR P.L.C.

(BAG)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/21 11:35:55 am
511 GBX   -1.92%
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Irn-Bru owner's annual profit to exceed pre-pandemic levels

11/29/2021 | 03:06am EST
FILE PHOTO: Irn Bru is seen on the shelves of Scotch Corner in Pitlochry, Scotland

(Reuters) - A.G. Barr expects annual profit to exceed pre-pandemic levels and beat current market expectations, with "on the go" and hospitality sectors remaining particularly strong, the Scotland-based soft drinks maker said on Monday.

The company, best known for fizzy drink Irn-Bru, forecast both annual revenue and pretax profit ahead of current market expectations, despite ongoing near-term operating cost pressures.

Irn-Bru was in the spotlight earlier this month when Scotland's First Minister Nicola Sturgeon handed U.S. Representative Alexandria Ocasio-Cortez a can of the orange fizzy beverage at COP26 in Glasgow, with Ocasio-Cortez giving the cherished Scottish drink a thumbs-up.

A.G. Barr expects full-year revenue of about 264 million pounds ($351.73 million) and profit before tax of around 41 million pounds for the 12 months ending January 2022, compared with 26 million pounds last year.

The company, which has seen a revival in demand since COVID-19 curbs were relaxed earlier in the year, said the fast-moving pandemic situation remains a risk but it still expects its revenue momentum to continue into 2022.

The emergence of a new variant of coronavirus late last week has raised questions of increased curbs ahead of Christmas, with Britain announcing some new measures to try and slow the spread.

($1 = 0.7506 pounds)

(Reporting by Chris Peters and Sachin Ravikumar in Bengaluru; editing by Uttaresh.V and Devika Syamnath)


ę Reuters 2021
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Analyst Recommendations on A.G. BARR P.L.C.
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Financials
Sales 2022 264 M 358 M 358 M
Net income 2022 30,3 M 41,0 M 41,0 M
Net cash 2022 66,4 M 90,0 M 90,0 M
P/E ratio 2022 18,6x
Yield 2022 3,14%
Capitalization 567 M 769 M 769 M
EV / Sales 2022 1,90x
EV / Sales 2023 1,77x
Nbr of Employees 949
Free-Float -
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A.G. BARR p.l.c. Technical Analysis Chart | BAG | GB00B6XZKY75 | MarketScreener
Technical analysis trends A.G. BARR P.L.C.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 510,00 GBX
Average target price 597,14 GBX
Spread / Average Target 17,1%
EPS Revisions
Managers and Directors
Roger Alexander White Chief Executive Officer & Executive Director
Stuart Lorimer Executive Director & Finance Director
John Ross Nicolson Non-Executive Chairman
Mark H. Allen Chairman-Designate
Craig Kenny Head-Information technology