Shepherd Neame Achieves Record Turnover and Beer Sales
Shepherd Neame, the UK regional brewer and pub operator, has reported record turnover, record beer sales and record EBITDA for the 53 weeks ended 30 June 2012. Turnover rose by 9.6% to £133.0 million and operating profit before exceptionals increased 3.7% to £12.7 million. Profit before tax was up 39.7% to £9.1 million.
Against an overall market decline of 1.2% Shepherd Neame increased total beer volume by 5.6% with own beer volumes ahead by 5.2%, helped by strong sales from the Spitfire and Asahi Super Dry brands. The pub and hotel estate also performed strongly.
“This has been another successful year for the company. Our beer, food and accommodation sales have all enjoyed strong growth for the second year in a row and the tenanted estate performance has been encouraging,” says Jonathan Neame, chief executive of Shepherd Neame. “Our strategy to invest in our pubs and brands during the economic downturn has strengthened the company, improved its competitive position and enhanced our reputation with consumers. Recent pub acquisitions have been successful and this has enabled us to take another step forward this year with some further excellent purchases, which provides a good platform for the future.”
