Fuller’s announce good full year results

Fuller’s have today announced good full year results for 2013 – revenue is up by 7% from £253 million in 2012 to £271.5 in 2013 – and profit before tax is up by 5% to £31.7 million.

Commenting on the results, Michael Turner, Chairman of Fuller’s, said:

“I am pleased to announce a strong performance by the Group, driven by our pub acquisitions and developments. Our adjusted earnings per share rose by an impressive 8% to 43.07p (2012: 39.82p) and the recommended total dividend also increased 8%, delivering real value to our shareholders.”

“We are excited to be implementing our new Beer Company strategy which features a number of initiatives. We have just launched our latest product innovation, Frontier, a new wave craft lager brewed over 42 days and unpasteurised to satisfy discerning drinkers looking for more flavour. We have also entered into the premium cider market through the recent acquisition of Cornish Orchards and their flagship brand, Cornish Gold, a truly delicious, quality craft cider made from freshly pressed apples.”

“Trading for the current year has started positively and like for like sales in our Managed Pubs and Hotels were up 7.0%. We look forward to the prospect of a year less blighted by the weather in which consumers are inspired to enjoy the summer in the great British pub, or even better, in that pub’s garden.”

Michael Turner, Chairman of Fuller’s