Brief: City Pub Group Says Year End Results To Be In Line With Management Expectations

City Pub

20/01/2022 07:37

Jan 20 (Reuters) - City Pub Group PLC  CPC.L :
    * CITY PUB GROUP (THE)  - TRADING STATEMENT
    * CITY PUB GROUP PLC: GROUP GENERATED A 38% INCREASE IN
REVENUE TO
£35.4M IN 2021, COMPARED TO £25.8M IN 2020
    * CITY PUB GROUP : DECEMBER BEGAN WELL WITH GREATER
PRE-BOOKED
BUSINESS THAN 2019, HOWEVER EMERGENCE AND ONSET OF OMICRON
REDUCED SALES TO 85% OF 2019
    * CITY PUB GROUP PLC: STRONG TRADING IN OCTOBER AND NOVEMBER
HELPED TO OFFSET ANY REDUCTION IN DECEMBER
    * CITY PUB GROUP PLC: YEAR END RESULTS ARE EXPECTED TO BE IN
LINE
WITH MANAGEMENT EXPECTATIONS.
    * CITY PUB GROUP PLC: OVER 70% OF OUR DRINK PRODUCTS HAVE
NOW BEEN
SIGNED UP ON A 3-YEAR FIXED PRICE TERM DEAL
    * CITY PUB GROUP PLC: GROUP'S ENERGY COSTS HAVE AND ARE
EXPECTED
TO CONTINUE TO RISE SIGNIFICANTLY IN SHORT TERM
    * CITY PUB GROUP PLC: GROUP HAS FACED STAFF SHORTAGES DUE TO
OMICRON ISOLATING
    * CITY PUB GROUP PLC: IN LAST 10 DAYS THERE HAS BEEN A
SIGNIFICANT
INCREASE IN TRADE, WHICH WE BELIEVE IS A RESULT OF INCREASED
CONSUMER CONFIDENCE

Source text for Eikon:  ID:nRST0197Za 
Further company coverage:  CPC.L 

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