FDBusiness.com

St Austell Brewery Delivers Record Results For 2016

 Breaking News
  • Growing British Appetite For Sports Nutrition Once the preserve of athletes and bodybuilders, new research from Mintel finds that many of the UK’s fitness lovers are using sports nutrition products. Indeed, almost three in 10 Brits (27%) use sports nutrition products*, rising to two in five (39%) Brits who exercise more than once a week. Overall, it is the UK’s young men who [...]...
  • Senior Leadership Changes at PepsiCo Ramon Laguarta. PepsiCo has announced three senior leadership appointments that support the company’s strategic priorities and growth agenda. Ramon Laguarta, currently CEO, Europe Sub-Saharan Africa (ESSA), will become president of PepsiCo, reporting to chairman and chief executive Indra Nooyi. In his new role, Ramon Laguarta will shape PepsiCo’s corporate strategy, work closely with business units to deliver [...]...
  • Scientists Investigate Origin of Isolated BSE Cases The European response to bovine spongiform encephalopathy (BSE) after the crisis of the 1980s has significantly reduced prevalence of the disease in cattle. However, isolated cases are still being reported in the EU and for this reason the European Commission has asked EFSA to investigate their origin. The key measure for controlling BSE in the EU is [...]...
  • Adnams Reveals “First Rate” Designs For Vodka and Premium Gin Brands Adnams, the English brewer and distiller, has revealed new and updated bottle designs for its Longshore Triple Malt Vodka and First Rate Triple Malt Dry Gin. The vodka, which was awarded the prestigious Vodka Trophy at the 2014 International Wine and Spirit Competition (IWSC), and the gin are the latest spirits to receive a makeover [...]...
  • BrewDog Appoints XPO Logistics to Manage Chilled Warehousing Contract XPO Logistics, a leading global provider of transport and logistics solutions, has signed a contract with craft beer pioneer BrewDog, one of the UK’s fastest-growing food and drinks companies. XPO will provide class-leading temperature-controlled warehousing for BrewDog’s stockholding of craft beer at a multi-user, 125,000 square foot facility in Mossend, Scotland. The Aberdeen-based brewery – founded in 2008 [...]...
  • UK Not Ready For Brexit’s Impact on Food The UK is unprepared for the most complex ever change to its food system, which will be required before Brexit, according to a new briefing paper published by SPRU, the Science Policy Research Unit at the University of Sussex. The report, by leading food policy specialists Professor Erik Millstone (University of Sussex), Professor Tim Lang [...]...

St Austell Brewery Delivers Record Results For 2016

St Austell Brewery Delivers Record Results For 2016
May 11
12:28 2017

St Austell Brewery, the English regional brewer and pub operator, has reported another record financial performance after increasing turnover by 13.2% to £153.2 million and operating profit before other items by 5.2% to £14 million in the 52-week period to 31st December 2016.

During the year, the company invested £25.9 million in capital expenditure, of which £16.7 million was on new acquisitions. These acquisitions included the purchase of Bath Ales, which served to support St Austell Brewery’s strategy to strengthen and extend its regional presence. The company also added new sites to its pub portfolio during the year as well as investing in its production and distribution facilities and refurbishing and improving its pubs and hotels.

James Staughton, chief executive of St. Austell Brewery, says: “It has been an excellent and historic year for the company. The acquisition of Bath Ales was a logical step towards our strategic objective of having the best pub estate and premier beer brands in the South West of England. A review of our strategic ambition led to the acquisition of Bath Ales whom we have long admired. Their pubs and beers complement those of St. Austell and our integration plans are on track.”

James Staughton adds: “Our strategy is to continue to invest for the long term and ensure that we remain focused on delivering wonderful distinctive experiences through great products and services, conscious innovation, measurement and the scaling of what works.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • July 21, 2017Snackex
  • August 4, 2017The Whiskies & Spirits Conference
  • September 11, 2017drinktec
  • September 13, 2017FI Asia
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements