Strong performance in managed pubs division
Encouraging start to new year
Shepherd Neame, Britain's Oldest Brewer and owner and operator of 322 high quality pubs in Kent and the South East, today announces results for the 52 weeks ended 29 June 2019.
|Announcement of Full Year Results|
|As the previous financial year was a 53 week year to the 30 June 2018 a number of alternative measures are disclosed in addition to the statutory measures. All figures quoted are on a 53 week basis unless otherwise stated.
|All figures quoted are on a 52 v 52 week basis.
Jonathan Neame, Chief Executive, commented:
“Shepherd Neame remains well positioned in the sector, with great pub assets, an exciting and evolving beer portfolio, an excellent brand reputation and a heartland presence in Kent that will benefit from considerable economic development in the next 10 years. Our strong balance sheet and long term financing gives us a great platform to take advantage of any opportunities that arise.
Our managed pubs have achieved substantial growth in turnover and profit. The tenanted pub estate has maintained its impressive like-for-like performance. Brewing and brands performance has, as expected, been more challenging this year, but we are excited by the potential of our emerging portfolio.
We are a modern, well invested, financially strong and balanced business with a strategy designed to deliver long-term value for shareholders. We have transformed our business in recent years to increase our exposure to the growth areas of the market.
We are encouraged by how the new year has started and remain cautiously optimistic about the Company’s prospects despite the uncertainties ahead.”
|For further information, please contact:|
|Shepherd Neame Limited|
|Jonathan Neame, Chief Executive Tel: 01795 532206
Mark Rider, Finance and IT Director
|Matthew Smallwood Tel: 02074572020
For full details:
If you would like hard copies of our latest Annual Report, please contact the company secretary.
Annual Report 2019
The Annual Report is available in two versions: