
Our end of year trading statement
Thanks to everyone’s hard work and effort, we’ve had strong trading this year.
Thanks to everyone’s hard work and effort, we’ve had strong trading this year.
It’s the end of the 2018 financial year, which means we released our end of year trading statement this week – and it’s been a great year across the board! Here are the highlights:
CEO Ralph Findlay said: ‘’2018 was a strong year for our Taverns and Beer businesses. We have seen clear benefit from our balanced portfolio having achieved good growth in wet-led pubs and from brewing, maximising the trading opportunities provided by the good summer weather and World Cup.
“This year has been transformational for our market-leading beer business, with the benefits of the acquisition of CWBB and the new distribution contracts delivering strong profit growth. Although trading in Destination food-led pubs was weaker, this predominantly reflects issues beyond our control relating to unseasonal weather extremes and the World Cup. However we are encouraged that our dining pubs are now seeing improving momentum and we expect to make further progress in 2019. We are meeting the demands of our customers and continue to manage the inflationary cost environment well, which gives us confidence for the future.’’
Take a look at the full trading statement here and keep a look out for our preliminary results on 21 November.