Fuller, Smith and Turner posts increased profit, revenue and sales

21 November 2014 by
Fuller, Smith and Turner posts increased profit, revenue and sales

Pub and hotels operator Fuller, Smith and Turner has today posted increased profit, revenue and like-for-like sales results.

In its financial results for the 26 weeks ended 27 September 2014, the group announced a 9% rise in EBITDA (up to £30.7m, from £28.1m in 2013), a 10% increase in revenue (to £161.6m compared with £146.3m), while like-for-like sales in managed pubs and hotels were up 6.5%.

Similarly, like-for-like profits for tenanted sites were up 3%, and total beer and cider volumes were up 4%.

The results come following the company's new management of three new freehold sites, comprising the Bull hotel in Bridport, the Harp in Covent Garden, and the Windmill in Portishead, plus the new opening of flagship site the Admiralty on London's Trafalgar Square.

It has also opened a new pub named One Over the Ait, near Kew Bridge in south west London.

The company also acquired 51% of the West Country-based pizza and cider restaurant company the Stable, which operates six sites including in Bridport, Falmouth, Bath and Bristol; plus a new leasehold site in Plymouth.

Simon Emeny (pictured), chief executive of Fuller's, described the results as positive, and added that the company was in "robust health".

He said: "Our business has a clear vision and long term strategy focusing on recruiting and developing the best people, enhancing our premium drinks portfolio, continuous investment in our estate. The company is in robust health, and we face the future with optimism and confidence."

Based in Chiswick, south west London, a brewery has stood on the Fuller's site since 1654. Fuller's itself was founded in 1845, and now runs 183 managed pubs and hotels, and 205 tenanted pubs, across the south of England, includes 169 sites within the M25.

It also produces its own beers, including London Pride, and owns craft cider company Cornish Orchards.

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