Business
Final results for the year ended 29 January 2023
Final results for the year ended 29 January 2023.
About this update from A.g. Barr P.l.c.
[{"type":"text","content":"\n \n \n 28 March 2023\n \n \n \n A.G. BARR p.l.c.\n \n \n \n(\"A.G. BARR\" or \"the Group\")\n \n \n \n Final results for the year ended 29 January 2023\n \n \n \n \n \n \n \n \n \n Excellent financial performance driven by strong sales growth\n \n \n \n \n A.G. BARR p.l.c., a multi-beverage business with a portfolio of market-leading UK brands, including IRN-BRU, Rubicon, Funkin and Boost, today announces its final results for the year ended 29 January 2023.\n \n \n \n \nFinancial summary\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022/23\n \n \n \n \n \n \n \n \n \n \n \n \n \n Versus 2021/22\n \n \n \n \n \n \n \n Reported revenue\n \n \n \n \n £317.6m\n \n \n \n \n \n \n \n \n \n \n \n £268.6m\n \n \n \n \n 18.2%\n \n \n \n \n \n \n Reported profit before tax\n \n \n \n \n £44.4m\n \n \n \n \n \n \n \n \n \n \n \n £42.2m\n \n \n \n \n 5.2%\n \n \n \n \n \n \n Adjusted profit before tax*\n \n \n \n \n £43.5m\n \n \n \n \n \n \n \n \n \n \n \n £38.4m\n \n \n \n \n 13.3%\n \n \n \n \n \n \n Adjusted operating margin*\n \n \n \n \n 13.6%\n \n \n \n \n \n \n \n \n \n \n \n 14.9%\n \n \n \n \n (1.3)pp\n \n \n \n \n \n \n Net cash at bank*\n \n \n \n \n £52.9m\n \n \n \n \n \n \n \n \n \n \n \n £68.4m\n \n \n \n \n (22.7)%\n \n \n \n \n \n \n Reported EPS (basic p/share)\n \n \n \n \n 30.47p\n \n \n \n \n \n \n \n \n \n \n \n 25.09p\n \n \n \n \n 21.4%\n \n \n \n \n \n \n Dividend per share (proposed final & interim)\n \n \n \n \n 13.10p\n \n \n \n \n \n \n \n \n \n \n \n 12.00p\n \n \n \n \n 9.2%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n ●\n Revenue increased by 18.2% on a reported basis and 15.9% on a like-for-like basis\n \n \n ●\n Significant progress across strategic objectives delivering strong organic growth\n \n \n ○\n \n Barr Soft Drinks\n \n - Strong performance across soft drinks portfolio driven by continued focus on consumer engagement and investment in brand building\n \n \n ○\n \n FUNKIN\n \n - Continued product innovation consolidates Funkin's position as the Number 1 take home cocktail brand in the fast-growing UK cocktail market\n \n \n ●\n Building a multi-beverage portfolio leveraging our scalable business model\n \n \n ○\n Completion of the acquisition of both Boost Drinks and the remaining equity in MOMA Foods...