2013 turned out a successful year for Adnams, finishing with sales of £60.5 million, and profits at £3.3 million, 2% behind 2012. Turrnover increased 6.3% to £60.5 million, debt fell £3.0 million to £10.8 million, and the quantity of Adnams beer sold rose by 1.2%.
The Company reported a 1.2% growth in beer volumes and a 6.0% increase in like-for-like turnover in its Cellar & Kitchen business. Commenting on the performance in 2013, Jonathan Adnams, Chairman, said, “Despite a difficult start to 2013 due to adverse weather conditions and poor consumer confidence, we saw a much-improved second half to the year as the economy, and the weather, started to pick up.
“2013 was a year of many achievements for Adnams with the introduction of new beers, our first whiskies, and a number of prestigious awards across all areas of the business. I am delighted to announce that Adnams Triple Grain Whisky and Adnams Single Malt both picked up medals at the World Spirits Awards in San Francisco earlier this week.
“2014 has started reasonably well for us and we believe that our long-term focus will help us to surmount the challenges that we will undoubtedly face.”
Highlights
- Sales of £60.5m (2012: £56.9m) + 6.3%
- Operating profit £3.3m (2012: £3.4m) -2.0%
- Final Dividend £1.28 (2012: £1.28)
- Debt down £3.0m at £10.8m
- Adnams beer volumes up 1.2%
- Take Home beer volumes + 20% (2012: +14%)
- Introduction of 14 new beers including Jack Brand beer range
- Strong growth over the last three years for the Adnams award-winning distillery
- Launch of two new whiskies
- International Wine & Spirits Competition Gin Guild Trophy
For more information click here