Strong performance in line with expectations
Good trade over the summer
Shepherd Neame, Britain's Oldest Brewer and owner and operator of 321 high quality pubs in Kent and the South East (68 managed, 242 tenanted and 11 commercial free of tie leases), today announces results for the 53 weeks ended 30 June 2018.
|Announcement of Full Year Results|
Jonathan Neame, Chief Executive of Shepherd Neame commented:
"Shepherd Neame is a strong business with an enviable track record of delivering consistent growth and this year is no exception. We have made further good progress against our strategic objectives and some great individual investments in our pubs. We have also successfully re-positioned our beer business away from contracts to focus on our own beer and cider brands.
A key strength of the company is the balance between the different financial and market characteristics of each division which gives resilience even in more challenging market conditions.
We have made some great acquisitions, during the year and since the year end, which further strengthens our managed estate and positions us well for the anticipated economic growth in our heartland over the next 15 years.
We have started the new year well as we have benefited from the warm summer weather, in particular in our coastal sites The coming year has more political and economic uncertainty than most of us can remember. But, whatever the short-term impact, we believe that we are well positioned to take advantage of opportunities that arise in our local region and in the wider industry."
|For further information, please contact:|
|Shepherd Neame Limited|
|Jonathan Neame, Chief Executive Tel: 01795 532206
Miles Templeman, Chairman
|Matthew Smallwood Tel: 02074572020
Note: The Directors of Shepherd Neame Limited accept responsibility for this announcement.
For full details:
If you would like hard copies of our latest Annual Report, please contact the company secretary.
Annual Report 2018
The Annual Report is available in two versions: