IRN-BRU maker AG Barr PLC (LON:BAG) said its business performed in line with the market as it warned that 2017 was shaping up to be another challenging year.
Revenues for the 12 months to January 28 grew by a like-for-like 1.5% to around £257mln.
Industry volumes were up 1.5% in that period, while the value of that output increased just 1%.
The Cumbernauld, Scotland-based company, which also owns the Rubicon, Strathmore and Funkin brands, told investors its profts would be in line with market expectations.
It added: “Looking ahead the uncertain economic environment indicates that 2017 will be another challenging year for UK based businesses.
“However our strong and flexible business model, our differentiated brands and our well-invested asset base ensure we are well placed to continue to deliver long-term value to shareholders.”