Adnams warns of tough 2008 for pubs

31 March 2008 by
Adnams warns of tough 2008 for pubs

East Anglian brewer and pub operator Adnams has warned of a "turbulent year for the drinks industry" and pubs in 2008.

The warning came after a tough 2007, which saw the off-trade erode publicans' market share further.

Adnams said that beer sales in the on-trade had fallen by 6.5% in 2007, while wine sales had fallen by 4% at pubs.

In the overall UK beer market sales slipped 4% while wine sale actually inccreased by 3% last year.

Despite this, Adnams saw its sales for the year ending 31 December 2007 rise by 2.8% to £47.4m across its estate of 80 tenanted pubs.

Pre-tax profit rose from £3.7m to £7.4m after the pub company sold nine of its pubs late last year.

Jonathan Adnams, executive chairman of Adnams, said the company still aimed to double operating profit over the next five years but warned that reduced levels of consumer confidence would make 2008 another challenging year.

Adnams scoops national business award>>

Adnams goes green with £14m eco-friendly distribution centre>>

By Christopher Walton

E-mail your comments to Christopher Walton here.

Get your copy of Caterer and Hotelkeeper every week -

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking