FDBusiness.com

With beer volumes rising by 7%, British regional brewer and pub operator Adnams has increased operating profit (before exceptional items) by 2.8% to £3.3 million on sales up by 7.3% to £54.6 million for the 12 months to 31 December 2011. On the retail side of its business, profit per pub was up by 15% and like-for-like shop turnover was 13% higher.

“For many years Adnams has championed the importance of taking a long-term view,” explains chairman Jonathan Adnams (pictured). “We firmly believe that it is by taking a values-based approach to business, building trust and loyalty with our customers, employees and shareholders that we carve a path to sustainable business success. By investing for the long-term, we have been able to make reductions in our carbon emissions and it is this approach that has contributed to our being able to hold Adnams beer prices for the fourth consecutive year.”

He adds: “Despite sounding a note of caution about economic uncertainty, our response to the current conditions is to keep an eye on costs, but we will not be distracted from our long-term goals and will continue to invest for the future.”