THE financial clout of cocktails will come into focus this week when Irn-Bru maker AG Barr posts what is expected to be a rise in full-year profits.
The Cumbernauld company, which has been making soft drinks for 140 years, announced last month that it would break into new territory with the acquisition of Funkin cocktail mixers in a deal worth up to £21 million.
Analysts are expecting further guidance on financial expectations for Funkin when Barr unveils its full-year figures on Tuesday. Phil Carroll at Shore Capital believes Barr will be able to “accelerate” Funkin’s progress through brand and channel development. Sales in 2014 – when Barr sponsored the Glasgow Commonwealth Games – are expected to rise to £260m. Pre-tax profits are forecast to increase to roughly £42m, up from £34.3m previously.
Barr announced at the end of last week that Bovis Homes chief executive David Ritchie will join its board as a non-executive director.