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FSTA Fuller Smith & Turner Plc

590.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fuller Smith & Turner Plc LSE:FSTA London Ordinary Share GB00B1YPC344 'A' ORD 40P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 590.00 592.00 598.00 598.00 582.00 586.00 45,135 16:35:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Malt Beverages 336.6M 7.9M 0.1299 46.04 363.65M

Fuller,Smith &Turner AGM Statement

25/07/2017 7:00am

UK Regulatory


 
TIDMFSTA 
 
FULLER, SMITH & TURNER P.L.C. 
 
                             AGM Trading Statement 
 
                           16 weeks to 22 July 2017 
 
Fuller, Smith & Turner P.L.C. ("Fuller's" or "the Company"), the London brewer 
and premium pub company, today made the following trading statement for the 16 
weeks from 2 April to 22 July 2017 ("the period"), in advance of the Company's 
Annual General Meeting to be held today [25 July 2017] at 11am, in The Hock 
Cellar, Griffin Brewery, Chiswick, London W4 2QB. 
 
 
The Company has made a very good start to the year with like for like sales in 
our Managed Pubs and Hotels rising 6.6% during the period. Like for like 
profits in our Tenanted Inns were up 5% and total beer and cider volumes in The 
Fuller's Beer Company rose 5%. The perfect summer weather, which has dominated 
much of the period, has been instrumental in enticing people to come out to our 
pubs for a great experience. 
 
Chief Executive Simon Emeny said: "We are very pleased with the new trading 
year so far and remain on course, despite the previously noted cost headwinds 
that are buffeting our industry including increased business rates, the impact 
of the National Living Wage and the introduction of the Apprenticeship Levy. 
 
"We have a world leading hospitality sector in the UK and we urge the 
Government to consider our needs as it negotiates the country's exit from the 
European Union. One in 10 new jobs created is in a pub, bar or restaurant* and 
non-UK workers are an essential element in delivering the one billion meals 
that are served in pubs alone every year.* In our own estate, the contribution 
made by colleagues from across Europe and beyond should not be underestimated 
and we will continue to invest record amounts in developing our team members 
across the business. 
 
"We have a clear, long-term vision and an offer across all parts of Fuller's 
that is relevant and attractive to today's consumer. With outstanding pubs, 
great brands and well trained and motivated people to deliver excellent 
service, we are well-positioned for further progress." 
 
The next report will be on 24 November 2017, when the Company issues its half 
year results for the 26 weeks to 30 September 2017. 
 
* Source: British Beer & Pub Association 
 
                                   - Ends - 
 
For further information, please contact: 
 
Fuller, Smith & Turner P.L.C. 
 
Simon Emeny, Chief Executive (press)                  020 8665 2175 
 
James Douglas, Finance Director (analysts)        020 8996 2000 
 
Georgina Wald, Corporate Comms Manager   020 8996 2198/07831 299801 
 
Instinctif Partners 
 
Justine Warren                                                          020 
7457 2020 
 
Notes to Editors: 
 
Fuller, Smith and Turner P.L.C. is an independent traditional family brewer 
founded in 1845 and is based at the historic Griffin Brewery in Chiswick, 
London, where brewing has taken place continuously since 1654. The Company runs 
186 Tenanted pubs and 198 Managed Pubs and Hotels, with a focus on delicious 
fresh, home-cooked food, outstanding cask and craft ale, great wine and 
exceptional service. The Company also has 706 boutique bedrooms in its Managed 
estate. The Fuller's pub estate stretches from Brighton to Birmingham and from 
Bristol to the Greenwich Peninsula, including 173 locations within the M25. 
Fuller's owns a 76% stake in The Stable, a craft cider and gourmet pizza 
restaurant business, which has 17 sites in England and Wales. 
 
The Fuller's Beer Company brews a portfolio of premium beers including London 
Pride, Oliver's Island, ESB, Organic Honey Dew and Frontier Craft Lager. The 
Company owns Cornish Orchards, a craft cider maker producing a range of 
award-winning ciders and premium soft drinks. Fuller's is also the UK 
distributor for Sierra Nevada, the premier US craft beer. In December 2015, 
Fuller's acquired a 51% stake in Nectar Imports, a wholesale drinks business. 
 
 
 
END 
 

(END) Dow Jones Newswires

July 25, 2017 02:00 ET (06:00 GMT)

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