The boss of Irn-Bru maker AG Barr mentioned it has seen “sturdy momentum” over the previous six months however continues to be going through strain from hovering price inflation.
Roger White, chief government of the Scottish drinks agency, informed the PA information company that it has come below strain from rising CO2 costs, commodities and weak spot within the pound.
“We’re nonetheless seeing price inflation, though the strain on sure commodities, like aluminium, has considerably receded,” he mentioned on Tuesday.
“Carbon dioxide is one thing that has seen inflation however we have now not had any points concerning provide.
“We’ve been in a position to maintain our costs, which is constructive, and have been in a position to positively offset numerous will increase we're seeing by means of the availability chain.”
Mr White harassed that price management and gross sales progress has allowed it defend revenue margins.
AG Barr highlighted that revenues elevated by 16.7% to £157.9 million over the six months to July 31.
In the meantime, statutory pre-tax earnings elevated by 1.2% to £24.7 million, in contrast with the identical interval final 12 months.
Mr White added: “We made a really sturdy begin to the 12 months and proceed to see good momentum throughout our enterprise and types.
“That mentioned, the UK’s excessive degree of inflation has accelerated throughout the summer season and is making a well-documented cost-of-living disaster for a lot of shoppers, alongside rising challenges for business.”
Shares within the group moved 1.1% greater to 502.85p after early buying and selling on Tuesday.