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Adnams plc Results for the 12 Months to 31 December 2015

By admin, also posted in News on

Adnams Report & Accounts 2015 imageAdnams has published its Report & Accounts for the 12 months to 31 December 2015, showing sales of £65.7m and a £4.1m operating profit. Adnams achieved a rise in operating profits of 7.3%, and another strong year of spirits sales. Commenting on the performance Jonathan Adnams OBE, Chairman, said “I am pleased to report the company made good progress in 2015, the economic mood was reasonably buoyant and a cut in duty rate for the third year running was a welcome announcement in the budget. Ghost Ship has remained in strong growth, as have our newer range of kegged, canned and bottled beers which fit well into the vibrant and growing UK craft beer market. Our investment into the Brewery and Distillery continues, and this development will ensure we have the flexibility and capacity to meet the demands of the changing beer market. Our spirits have become an integral part of our business, and we’re delighted to have trebled our capacity with the addition of two new stills.” You can download the Report & Accounts here (2MB, pdf).

The Adnams Report & Accounts highlights include:

  • Sales of £65.7m (2014: £66.0m) -0.5%
  • Operating profit £4.1m (2014: £3.8m) +7.3%
  • Final Dividend £1.44 (2014: £1.36) +5.9%
  • Debt up £0.9m at £8.9m
  • Adnams beer volumes level with 2014
  • Adnams spirits volumes up 39%