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

Fuller Smith & TurnerAnnouncement

26/01/2017 07:10

26 January 2017

FULLER, SMITH & TURNER P.L.C.

Trading Update for the 43 weeks to 21 January 2017

Fuller, Smith & Turner P.L.C. (“Fuller’s” or “the Company”), the
London brewer and premium pub company, today announces its trading update for
the 43 weeks to 21 January 2017 (“the period”).

Trading over the important Christmas and New Year period has been strong, with
like for like sales in Managed Pubs and Hotels for the last 10 weeks
increasing by 7.4%, like for like profits in Tenanted Inns rising by 2% and
total beer and cider volumes in The Fuller’s Beer Company increasing by 1%.

For the 43 week period, like for like sales in Managed Pubs and Hotels
increased by 3.7%, like for like profits in the Tenanted Inns division were
down by 1% and total beer and cider volumes in The Fuller’s Beer Company
decreased by 4%.

Simon Emeny, Chief Executive, commented: “Our strategy of sustained
investment in our pubs, our brands and our people continues to drive the
business forward. In the final quarter, we will be taking advantage of what
will be a 53 week year to accelerate investment in our existing estate and
reinforce our marketing programme for The Fuller’s Beer Company.

“With our clear vision and exciting initiatives for the coming financial
year, we are well placed for the future. However, in common with many other
companies we are facing increasing cost pressures including a steep rise in
business rates, an increase in the National Living Wage and the introduction
of the Apprenticeship Levy, all set against an ever-changing global political
and economic backdrop.

“The last 10 weeks have been particularly strong, which is a credit to the
whole Fuller’s team. We will next update the market on 9 June 2017, when we
announce the Company’s full year results for the 53 weeks to 1 April
2017.”

-Ends-

For further information, please contact:

Fuller, Smith & Turner P.LC.
Simon Emeny, Chief Executive                                
         020 8996 2000
James Douglas, Finance Director              
                        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 195 Tenanted pubs and 197 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 665 boutique bedrooms in its
Managed estate. The Fuller’s pub estate stretches from Brighton to
Birmingham and from Bristol to the Greenwich Peninsula, including 175
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. In June 2013, the Company acquired 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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