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Fullers Report “Outstanding Year”

Fullers-LogoPub company and brewer Fuller, Smith & Turner has reported strong growth in revenue and profit for the year up to 26 March 2016.

The company saw a 12% increase in adjusted profit before tax to £40.9m, with revenue up 9% to £350.5m compared with the previous year.

EBITDA was also up by 11% to £65m compared with £58.7m in 2015, while like-for-like sales in the firm’s managed pubs and hotels grew by 4.8%.

Tenanted Inns reported a “solid performance” during the period, with like-for-like profits up 2%.

Commenting on the results, Chief Executive Simon Emeny said: “It has been another outstanding year for the Company and I am delighted to be reporting an excellent set of results, particularly in the largest part of our business – our Managed Pubs and Hotels. We are seeing the rewards of our continued investment programme and the emphasis we have placed on recruiting, developing, rewarding and promoting the best people. We do this to ensure that across the business we are giving industry-leading service.

Our long-term approach is underpinned by a consistent strategy, but we continue to seek new, exciting opportunities to build our business further – keeping the Brewery as our beating heart. We have purchased pubs in geographical areas where we have previously lacked a presence, introduced new premium brands that the consumers of today and tomorrow are seeking out and continued to develop our pub designs and the quality and creativity of our menus.”

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