Double-digit beer growth for Adnams

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Related tags: Cask ale, Jonathan adnams

Against the backdrop of a cask ale decline Southwold brewer Adnams has recorded double-digit growth for its two main beer brands.Last year volumes of...

Against the backdrop of a cask ale decline Southwold brewer Adnams has recorded double-digit growth for its two main beer brands.

Last year volumes of Adnams Bitter rose 11 per cent and sales of the fast-growing Broadside lifted 15.5 per cent.

Adnams Bitter has grown 43 per cent in three years, making it a "Desert Island Brand" said the company.

Unveiling a strong set of numbers for the year to January 2003, managing director Jonathan Adnams said: "We were determined to build on our success in recent years, by making Adnams the most exciting brand of draft beer in pubs across England.

"The team had a terrific year, enjoying distribution gains with all our major customers: the big pub companies, other brewers and national wholesalers."

In the 85-strong tenanted estate, beer volumes rose a modest 0.5 per cent but wine sales were up 15 per cent. Profit contribution rose 10 per cent. Overall, operating profit rose from £2.9m to £3.3m on sales up from £33.8m to £36.9m. Earnings per share rose from 454.2p to 584.3p.

"Increased sales and profits have been driven by the strength of the brand, the motivation of our teams and a determination to express our values in everything we do," said chairman Simon Loftus.

Related topics: Beer

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