Well placed for when normal trading resumes.
Shepherd Neame, Britain's Oldest Brewer and owner and operator of 319 high quality pubs in Kent and the South East, today announces results for the 52 weeks ended 27 June 2020.
|Announcement of Full Year Results|
|Financial performance for the year:|
Business resilient and well positioned for growth once normal trading conditions resume
Current Trading: 18 weeks to 31 October 2020
Annual General Meeting
Jonathan Neame, Chief Executive, commented:
“This has been the most challenging period any of us in the hospitality industry have ever faced. I am incredibly proud of how everyone across the business has reacted, and the ingenuity and team spirit shown by our licensees and team members during this time has been inspiring.
Trading during the summer months was encouraging, highlighting the strength of our offer and people’s undiminished desire to go out and socialise in a safe environment with family and friends.
We have worked hard to drive positive cash flow in the new financial year and have sufficient liquidity for the foreseeable future. We welcome the ongoing support from the Chancellor, but the sector faces a very tough winter as we return to lockdown with fresh uncertainties.
Shepherd Neame has weathered many crises in its long history and I am determined that we emerge from this crisis in a position of strength, ready to seize the opportunities that lie 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: 020 7457 2020
For full details:
If you would like hard copies of our latest Annual Report, please contact the company secretary.
Annual Report 2020
The Annual Report is available in two versions: