Greene King Delivers Record Results

 Breaking News
  • UK Water Drinks Approach 4,000 Million Litres UK consumption of water drinks rose 7% in 2017 to nearly 4,000 million litres, with a retail value of £3.1 billion, according to a new report from global food and drink experts Zenith. Sales of plain bottled water in retail packs increased by 8% to over 3,100 million litres, while volume through bottled water coolers [...]...
  • Nestlé Brings Innovative Nitrogen Infused Coffee to the UK Nestlé is launching a brand new product for coffee fans in the UK and Ireland. Nescafé Azera Nitro is a coffee drink infused with nitrogen for a smoother taste. It will be available in Americano or Latte flavours. Nescafé Azera Nitro Americano is a refreshing and smooth black coffee infused with nitrogen. Nescafé Azera Nitro [...]...
  • ADM Realigns Business Segments to Further Accelerate Growth Archer Daniels Midland Company (ADM) has announced the realignment of its business segments across four units – Carbohydrate Solutions, Nutrition, Oilseeds and Origination. The new segments better reflect ADM’s operating structure and will enable the company to further highlight the differentiation of its product and service offerings and enhance its ability to respond to the [...]...
  • Highland Spring Selects Mainsaver CMMS Spidex has announced that Highland Spring, a leading supplier of natural source bottled spring water, has selected Mainsaver CMMS to support best-practice maintenance at its plant in Blackford, Perthshire. The new facility, part of a £50 million investment programme, officially opened in July 2017 and was designed to increase Highland Spring’s production capacity by 50 [...]...
  • Ornua Delivers Record Revenue Ornua, Ireland’s largest exporter of Irish dairy products which supplies to over 110 countries worldwide, has reported record revenue of €2.1 billion for the year ended 30 December 2017. It marks the first year of Ornua’s new five-year growth plan, ‘Ornua 2021’, which positions the business as a leading global dairy organisation that delivers results [...]...

Greene King Delivers Record Results

Greene King Delivers Record Results
June 30
10:59 2017

Greene King, the UK’s leading pub company and brewer, has delivered another set of record results for the 52 weeks to 30 April 2017. Total revenue grew 6.9% to a record high of £2.22 billion, driven by another good performance from the underlying business and by acquisitions, in comparison with the previous year. EBITDA surpassed £500 million for the first time in the company’s history, reaching £524.1 million, up 5.5%. Operating profit before exceptional and non-underlying items rose by 4.9% to £411.5 million.

Rooney Anand, chief executive of Greene King.

Greene King operates 3,000 pubs, restaurants and hotels in towns, villages and city-centre high streets across England, Wales and Scotland. The group has two breweries – Westgate Brewery at Bury St Edmunds in England and Belhaven Brewery at Dunbar in Scotland. Greene King has been the leading cask ale brewer in the UK for many years. Its portfolio includes popular brands such as Greene King IPA, Old Speckled Hen, Abbot Ale Ruddles, St Edmunds and Olde Trip.

“Greene King has delivered another set of record results, generating full year EBITDA of over £500 million for the first time,” says Rooney Anand, chief executive of Greene King. “Our performance has been achieved against a demanding backdrop of increased costs, weaker consumer confidence and increasing competition. While I expect these challenges to intensify over the next few years, Greene King has a very strong track record of delivery in tough market conditions.”

Greene King’s Brewing & Brands business achieved revenue of £200.3 million in the year ended 30 April 2017, up 1.7%, but operating profit was down 5.2% to £31.0 million. Factors impacting profit conversion included increased cost of goods sold and investment in marketing and price, mainly in the second half of the year.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 28, 2018FOOD INDUSTRY
  • April 4, 2018The leading event for the snack and food-on-the-go market
  • April 5, 2018Slow food The forum for good taste
  • April 10, 2018EXPO XXI Warsaw International Expocentre
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here