Soft drinks group AG Barr reported a rise in quarterly earnings and said it was confident of delivering its plans for the full year despite a very competitive trading environment.

In its interim statement for the quarter ended 30 October, the company said its balance sheet remained strong, with revenue up 6.4% compared to the same period last year.

Operating margins were “in line with expectations” and manufacturing investments at Cumbernauld were well advanced with supply chain changes in place for the planned closure of its Mansfield site early next year, it said.

“General economic conditions continue to be challenging and raw material pricing, PET and sugar in particular, is both volatile and currently trending upwards. However we expect to continue to mitigate these cost pressures and consequentially we remain confident of delivering our plans for the full year.” 

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