Added to your cart

  • Free Standard UK Delivery
  • Brewed & Distilled in Southwold
  • Award-winning

Adnams plc Results for the 12 Months to 31 December 2012

By Emma Hibbert, also posted in News on

Adnams Chairman Jonathan AdnamsAdnams has published its Report & Accounts for the 12 months to 31 December 2012, showing sales of £56.9m and a £3.4m operating profit. Adnams, which won two prestigious awards during 2012 (the Queen’s Award for Enterprise: Sustainable Development and Investors in People Gold), reported a 3.8% growth in beer volumes and a 3.3% increase in like-for-like turnover in its Cellar & Kitchen business. In his report, Chairman Jonathan Adnams remarked that the business’s performance in 2012 proved robust despite the challenging market conditions and that whilst conditions continue to be tough, the company is committed to building for the long-term.

The Adnams Report & Accounts highlights include:

· Sales of £56.9m (2011: £54.6m)  + 4.3% · Pre-exceptional operating profit £3.4m (2011: £3.3m) +3.5% · Final Dividend £1.28 (2011: £1.25) + 2.4% · Adnams beer volumes up 3.8% · Take Home beer volumes + 14% · Adnams beer prices held for the fifth year in a row for Tied and Free-trade customers · Strong growth over the last two years for the Adnams award-winning distillery Commenting on the performance in 2012, Jonathan Adnams, Chairman, said: “Adnams enjoyed a good year in 2012, despite the challenges of tough markets and lack of economic growth. Our turnover increased 4.3% to £56.9 million, our operating profits increased 3.5% to £3,392,000 from £3,277,000 (before exceptional items), our debt fell £1.7 million to £13.7 million and the quantity of Adnams beer sold rose by 3.8%. “Adnams prides itself on doing the right thing, regardless of the market conditions. With this in mind, we were delighted to have received two very prestigious third-party endorsements during 2012. At the start of the year, we were awarded the Queen’s Award for Enterprise: Sustainable Development, the second time that we have won this award. At the end of the year, we also received Investors in People Gold, which is testament to the processes, procedures and support that we provide for our people and for their development. “The markets that Adnams operates in have been challenging and this hasn’t been helped by external factors such as government policy or indeed the poor British weather. We have continued to support our customers throughout these difficult times by holding Adnams beer prices. 2013 will be the fifth consecutive year that we have held the price of Adnams beer (with the exception of duty) to our Tied Estate and free-trade customers. We welcomed the Chancellor’s decision to reduce beer duty by 2% and scrap the ‘beer duty escalator’, a policy that has been extremely harmful to beer and pubs. Download Adnams Annual Report & Accounts as a pdf here“2012 was a difficult year for the economy, but we came through it well and achieved both beer volume and good profit growth. We did many of the right things to improve in 2012 and we believe that our long-term view will continue to hold us in good stead over the years to come.” You can download the full Annual Report & Accounts as a pdf here.    

Who

Emma Hibbert

When

TAGS