AG Barr said it expects to report total revenue for the 52 weeks through 27 January 2018 grew roughly 7.5% to approximately £277m from £257.1m a year ago but warned that 2018 would be another challenging year.
The positive revenue performance reflected strong trading execution across AG barr's core brands as it continued to outperform the total UK soft drinks market and increased its overall market share.
The company expects that up to 99% of its portfolio will contain less than 5g of total sugars per 100ml before the implementation of the soft drinks sugar tax in April this year.
The company warned that 2018 will be another challenging year for UK businesses against a backdrop of continued uncertain economic conditions amid significant changes in the soft drinks industry concerning regulation, customer dynamics and consumer preferences.
'We believe that our strong and flexible business model, our portfolio of brands which reflect the requirements of today's consumer, and our exciting innovation pipeline, ensure we remain well placed to capitalise on opportunities to grow our business and deliver long-term value to shareholder,' the company said.