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Adnams plc Results for the 12 Months to 31 December 2013

By Emma Hibbert, also posted in News on

Adnams Chairman Jonathan Adnams on Southwold beach, 2014Adnams has today published its Report & Accounts for the 12 months to 31 December 2013, showing sales of £60.5m and a £3.3m operating profit. Adnams reported a 1.2% growth in beer volumes and a 6.0% increase in like-for-like turnover in its Cellar & Kitchen business. Commenting on the performance in 2013, Jonathan Adnams, Chairman, said, “Despite a difficult start to 2013 due to adverse weather conditions and poor consumer confidence, we saw a much-improved second half to the year as the economy, and the weather, started to pick up. 2013 was a year of many achievements for Adnams with the introduction of new beers, our first whiskies and a number of prestigious awards across all areas of the business. I am delighted to announce that Adnams Triple Grain Whisky and Adnams Single Malt both picked up medals at the World Spirits Awards in San Francisco earlier this week. 2014 has started reasonably well for us and we believe that our long-term focus will help us to surmount the challenges that we will undoubtedly face.”

The Adnams Report & Accounts highlights include:

Adnams 2013 Report and Accounts cover• Sales of £60.5m (2012: £56.9m)  + 6.3% • Operating profit £3.3m (2012: £3.4m) -2.0% • Final Dividend £1.28 (2012: £1.28) • Debt down £3.0m at £10.8m • Adnams beer volumes up 1.2% • Take Home beer volumes + 20% (2012: +14%) • Introduction of 14 new beers including Jack Brand beer range • Strong growth over the last three years for the Adnams award-winning distillery - Launch of two new whiskies - International Wine & Spirits Competition Gin Guild Trophy You can download the full Report and Accounts as pdf here (10 MB)    

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