FDBusiness.com

Record Results For Greene King

 Breaking News
  • 2 Sisters Outlines Transformation Agenda Ronald Kers, the new chief executive of 2 Sisters Food Group, has spelled out his vision for the future of the company. His first 100 days have been taken up with an assessment of the opportunities for the group and creating the new initiatives he plans to put in place. Ronald Kers comments: “2 Sisters can [...]...
  • General Mills Announces Significant Growth Across its UK Snacking Division General Mills is launching new lines across both its Fibre One and Nature Valley portfolios, as it reveals its snacking division has grown +35.4% and household penetration has grown +12.1 percentage points to 25.3%[1] – equating to the size of London[2]. Cake Bars will be added to Fibre One’s guilt-free snacking range in two flavours: Triple Choc [...]...
  • Lorien and Britvic – Manufacturing Success Lorien Engineering Solutions, a division of GP Strategies, is working with soft drinks provider Britvic to help install new state-of-the-art production lines at Britvic’s Leeds and Rugby manufacturing sites. Lorien Engineering Solutions is part of a multi-disciplined project team, created and led by Britvic, to deliver a step-change in business capability. Alongside other specialists, Lorien [...]...
  • Carlsberg Group Increases Ownership in Cambodian Business Carlsberg Group has increased its ownership in the Cambodian brewer Cambrew from 50% to 75%. Cambrew is among the largest brewers in Cambodia. Its largest beer brand – the iconic Angkor Premium Beer with its well-known tagline ‘Our Country, Our Beer’ – is a popular brand among Cambodian consumers. In addition, Cambrew produces and bottles [...]...
  • Kerry Group Reports Healthy Volume Growth Kerry Group, the global taste & nutrition and consumer foods group, has reported a solid underlying business performance for the half year ended 30 June 2018. Group revenue on a reported basis increased by 1.4% to €3.2 billion, reflecting strong volume growth and contribution from acquisitions, offset by adverse currency movements. Business volumes grew by [...]...

Record Results For Greene King

Record Results For Greene King
July 02
13:33 2011

Reflecting strong growth from its retail, brewing and brands businesses, Greene King increased turnover by 6% to £1.04b last year, to exceed the billion pound mark for the first time, and profit before tax and exceptional items also reached a record level, up 13.8% to £140.0m. The UK regional brewer and pub group’s operating profit advanced 5.1% to £222.0m with a healthy operating margin of 21.3%.

Green King operates 2,429 pubs and restaurants across England, Wales and Scotland, of which 915 are retail pubs and restaurants and 1,514 are tenanted or leased pubs. Its leading retail brands are Hungry Horse, Old English Inns, Eating Inn and Loch Fyne Restaurants. 95% of the estate is either freehold or long leasehold.

Greene King also brews ale brands at its Bury St. Edmunds and Dunbar breweries. Its leading ale brands are Greene King IPA, the leading cask ale in the UK, Old Speckled Hen, the top premium ale in the UK, Abbot Ale, the first ranked premium cask ale in the UK and Belhaven Best, the number one ale brand in Scotland.

“Our retail business continues to spearhead our growth, as we increase our share of the eating out market,” says Rooney Anand, chief executive of Greene King. “Looking ahead, we foresee another testing year. The UK economy continues to face inflationary pressures, impacting on both our customers’ spending power and our cost base, and the impact of the government’s cutbacks is still to take full effect. However, these results show, through our sales momentum, our retail expansion strategy and our strong profit conversion, that we can continue to deliver attractive returns to our shareholders.”

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements