Bru makers AG Barr profits expected to soar as Glasgow hospitality venues reopen

Wednesday, July 21, 2021

Scotland's second national drink looks to have a rosy future, with earnings expected to beat forecasts.

The Scottish soft drink group said trading had performed better than expected in recent months, driven by upturns in the hospitality industry when the companies reopened at the end of May.

The drinks giant, headquartered in Cumbernauld, expects its profits to recover marginally in 2021-22 above the £37.4 million expected in 2019-20 prior to the start of the pandemic.

Barr said in May that there had been a marked jump in demand for its fun cocktail range after the restaurant reopened for the first time.

Liberum analyst Wayne Brown said AG Barr's pre-tax profits are now likely to be at least 10 per cent ahead of its previous forecast.

Liberum analyst Wayne Brown said the recent hot weather had "no doubt" contributed to boosting AG Barr's share price trade.