REG-Fuller,Smith &Turner: AGM Statement

Fuller Smith & TurnerAnnouncement

24/07/2018 07:05

24 July 2018

FULLER, SMITH & TURNER P.L.C.

AGM Trading Statement

16 weeks to 21 July 2018

Fuller, Smith & Turner P.L.C. (“Fuller’s” or “the Company”), the
London brewer and premium pub company, today makes the following trading
statement for the 16 weeks from 1 April to 21 July 2018 (“the period”), in
advance of the Company's Annual General Meeting to be held today [24 July
2018] at 11am, in The Hock Cellar, Griffin Brewery, Chiswick, London W4 2QB.

The Company has made a good start to the new financial year with like for like
sales in our Managed Pubs and Hotels rising 4.0%, particularly pleasing
against a strong comparative of 6.6% for the same period in the prior year.
Like for like profits in our Tenanted Inns were up 4% and total beer and cider
volumes in The Fuller’s Beer Company were flat.

Chief Executive Simon Emeny said: “Our core business has performed well,
with the prolonged summer weather benefiting our pubs with outside space and
our latest acquisitions are bedding in well and performing to plan. We have a
number of exciting schemes lined up for the coming year, including
refurbishments of the four We Are Bar sites acquired in June and the opening
of two new station sites at Euston and Liverpool Street. Recent investment in
our Destination Chiswick initiative has been well received and included the
opening of our new brewery shop and pilot plant.

“Although we have undoubtedly benefited from the feel-good factor of
England’s World Cup performance and good summer weather, it is important to
remember that the underlying economic and political situation, particularly
the UK’s position with regards to Europe, creates uncertainty and it is
difficult to predict the nature of any potential impact on the sector.

“However, Fuller’s is a well-balanced company that is founded on iconic
pubs and a premium portfolio of outstanding brands, underpinned by an
excellent team of people. We have exciting plans in place to keep us relevant
and interesting to today’s consumer and we face the coming year in a strong
position and with a positive outlook.”

The next report will be on 23 November 2018, when the Company issues its half
year results for the 26 weeks to 29 September 2018.

- Ends –

For further information, please contact:

Fuller, Smith & Turner P.L.C.

Simon Emeny, Chief Executive (press)                  020
8996 2135

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. As of today [24
July 2018], the Company runs 179 Tenanted pubs and 209 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 781
boutique bedrooms in its Managed estate. The Fuller’s pub estate stretches
from Brighton to Birmingham and from Bristol to the Greenwich Peninsula,
including 174 locations within the M25. In June 2018 Fuller’s acquired Bel &
The Dragon, comprising six stunning country inns (included in the pub numbers
above), and the Company also owns 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, Frontier Premium London Lager and a variety of cask and craft
keg beers supported by a changing seasonal range. The Company owns Cornish
Orchards – a craft cider maker producing a range of award-winning ciders and
premium soft drinks – and Nectar Imports, a wholesale drinks business. In
February 2018, Fuller’s also acquired Dark Star Brewing, a craft cask brewer
based in Sussex.



Copyright (c) 2018 PR Newswire Association,LLC. All Rights Reserved