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Adnams brewery reports jump in profits

Adnams brewery reports jump in profits

Suffolk brewery Adnams is looking to a more positive future after it saw a significant boost to its operating profits.

The Southwold-based company increased turnover by over £4 million during the first six months of its financial year, including a 29 per cent rise in operating profits to £862,000 up to June 30th. Adnams' improving performance has been driven by strong growth in beer sales which the company described as having "done very well". Both overall volumes and cask volumes had grown 18 per cent during the period.

Adnams boasts its own range of speciality beers including ales such as Ghost Ship and Explorer which have long been popular brands within its range. The company also stocks a number of imported beers including Germany's Bitburger Drive, an alcohol free lager, Benediktiner Weissbier and Greek lager Mythos. Customers can purchase cases of bottles and mini casks direct from the company through its online stores.

Beer has been a main focus of Adnams' operations of late with the company working in partnership with other brewers to produce some collaborative beers. However, it is not just beer where Adnams has experienced growth. The company's spirits business has continued to perform well with volumes increasing by 40 per cent during the period.

Jonathan Adams OBE, chairman of Adnams, welcomed the results and was positive about the future but urged caution and was wary of the challenges that lay ahead: "It is pleasing to report an improved picture in 2014, aside from our pubs, our businesses generated better results. Nonetheless, some caution is necessary. The first half of 2013 was not strong, but the second half showed good growth so comparators will be much tougher.

"Fundamental trends within the beer and pubs industries will not alter quickly and the better weather and improved economic outlook will not always be the case."

 

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