Business
FINAL RESULTS for the year ended 24 January 2021
FINAL RESULTS for the year ended 24 January 2021.
About this update from A.g. Barr P.l.c.
[{"type":"text","content":"\n \n \n \n RNS Number : 8701T\n Barr(A.G.) PLC\n 30 March 2021\n \n \n \n 30 March 2021\n \n \n \n \n \n \n \n \n A.G. BARR p.l.c.\n \n \n \n \n FINAL RESULTS for the year ended 24 January 2021\n \n \n \n \n \n A.G. BARR p.l.c., (\"A.G. BARR\" or the \"Group\"), which produces and markets some of the UK's leading drinks brands, including IRN-BRU, Rubicon, Barr Flavours and Funkin Cocktails, announces its final results for the 52 weeks ended 24 January 2021.\n \n Financial summary\n \n \n \n \n \n \n \n \n \n \n \n \n 2021\n \n \n 2020\n \n \n Change\n \n \n \n \n Revenue\n \n \n £227.0m\n \n \n £255.7m\n \n \n (11.2)%\n \n \n \n \n Profit before tax (before exceptional items)*\n \n \n £32.8m\n \n \n £37.4m\n \n \n (12.3)%\n \n \n \n \n Statutory profit before tax\n \n \n £26.0m\n \n \n £37.4m\n \n \n (30.5)%\n \n \n \n \n EBITDA margin*\n \n \n 20.5%\n \n \n 20.0%\n \n \n +50bps\n \n \n \n \n Net cash from operating activities\n \n \n £50.7m\n \n \n £40.1m\n \n \n 26.4%\n \n \n \n \n Basic earnings per share (before exceptional items)*\n \n \n 22.31p\n \n \n 26.50p\n \n \n (15.8)%\n \n \n \n \n \n Overview\n \n \n · \n A year of clear strategic progress and resilient financial performance, despite a challenging backdrop\n \n ● Swift and decisive response to Covid-19 challenges\n ○ Successful prioritisation of safety and wellbeing\n ○ Maintained continuity of supply and service to customers and consumers\n ○ Actions taken to control costs, conserve cash and underpin our financial stability\n ● Ended the financial year with a stronger balance sheet than previous year, with £50.0m net cash at bank* (2019/20: £10.9m)\n \n Strategic highlights\n ●Resilient brand performance, supported by continued investment in brand building, and with exciting innovation pipeline for 2021\n ● Business re-engineering projects completed - right-sized for 2021 return to growth\n ● Environmental sustainability roadmap in progress with net zero carbon ambition of 2040\n ● Increasing drive towards a multi-beverage operating model\n ○ Funkin cocktails strong growth in take home and direct to consumer channels\n ○ Strong innovation pipeline for 2021\n ● Energy market strategy further developed\n ○ IRN-BRU Energy in growth and gaining momentum\n ○ Launch of Rubicon RAW Energy\n ● Digital ...