REG-Fuller,Smith &Turner: AGM Statement <Origin Href="QuoteRef">FSTA.L</Origin>

Fuller Smith & TurnerAnnouncement

25/07/2017 07:06

FULLER, SMITH & TURNER P.L.C.

AGM Trading Statement

16 weeks to 22 July 2017

Fuller, Smith & Turner P.L.C. (“Fuller’s” or “the Company”), the
London brewer and premium pub company, today made the following trading
statement for the 16 weeks from 2 April to 22 July 2017 (“the period”), in
advance of the Company's Annual General Meeting to be held today [25 July
2017] at 11am, in The Hock Cellar, Griffin Brewery, Chiswick, London W4 2QB.

The Company has made a very good start to the year with like for like sales in
our Managed Pubs and Hotels rising 6.6% during the period. Like for like
profits in our Tenanted Inns were up 5% and total beer and cider volumes in
The Fuller’s Beer Company rose 5%. The perfect summer weather, which has
dominated much of the period, has been instrumental in enticing people to come
out to our pubs for a great experience.

Chief Executive Simon Emeny said: “We are very pleased with the new trading
year so far and remain on course, despite the previously noted cost headwinds
that are buffeting our industry including increased business rates, the impact
of the National Living Wage and the introduction of the Apprenticeship Levy.

“We have a world leading hospitality sector in the UK and we urge the
Government to consider our needs as it negotiates the country’s exit from
the European Union. One in 10 new jobs created is in a pub, bar or restaurant*
and non-UK workers are an essential element in delivering the one billion
meals that are served in pubs alone every year.* In our own estate, the
contribution made by colleagues from across Europe and beyond should not be
underestimated and we will continue to invest record amounts in developing our
team members across the business.

“We have a clear, long-term vision and an offer across all parts of
Fuller’s that is relevant and attractive to today’s consumer. With
outstanding pubs, great brands and well trained and motivated people to
deliver excellent service, we are well-positioned for further progress.”

The next report will be on 24 November 2017, when the Company issues its half
year results for the 26 weeks to 30 September 2017.

* Source: British Beer & Pub Association

- Ends –

For further information, please contact:

Fuller, Smith & Turner P.L.C.

Simon Emeny, Chief Executive (press)                  020
8665 2175

James Douglas, Finance Director (analysts)        020 8996 2000

Georgina Wald, Corporate Comms Manager   020 8996 2198/07831 299801

Instinctif Partners

Justine
Warren                                                         
020 7457 2020

Notes to Editors:

Fuller, Smith and Turner P.L.C. is an independent traditional family brewer
founded in 1845 and is based at the historic Griffin Brewery in Chiswick,
London, where brewing has taken place continuously since 1654. The Company
runs 186 Tenanted pubs and 198 Managed Pubs and Hotels, with a focus on
delicious fresh, home-cooked food, outstanding cask and craft ale, great wine
and exceptional service. The Company also has 706 boutique bedrooms in its
Managed estate. The Fuller’s pub estate stretches from Brighton to
Birmingham and from Bristol to the Greenwich Peninsula, including 173
locations within the M25. Fuller’s owns a 76% stake in The Stable, a craft
cider and gourmet pizza restaurant business, which has 17 sites in England and
Wales.

The Fuller’s Beer Company brews a portfolio of premium beers including
London Pride, Oliver’s Island, ESB, Organic Honey Dew and Frontier Craft
Lager. The Company owns Cornish Orchards, a craft cider maker producing a
range of award-winning ciders and premium soft drinks. Fuller’s is also the
UK distributor for Sierra Nevada, the premier US craft beer. In December 2015,
Fuller’s acquired a 51% stake in Nectar Imports, a wholesale drinks
business.



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