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

Wolverhampton & Dudley reports good overall performance

20 May 2005

Wolverhampton & Dudley brewery has announced a 12.8% jump in pre-tax profit to £32.6m in the first half of 2005.

The increase is on an 18.7% rise in turnover from £233.9m to £277.6m.

Its healthy results accompanied its announcement that its £46m bid for Jennings brewery had gone through.

"The Jennings estate represents a good geographic fit with our existing business and is consistent with our strategy to develop both organically and through selective acquisitions," said chairman David Thompson.

Like-for-like sales at its managed Pathfinder pubs estate were up 3.1% while the figure rose by 3.2% in its tenanted Union Pub Company division.

The Wolverhampton-based independent brewer also said that the integration of Burtonwood, which it snapped up for £119m in January, was ahead of schedule.

Chief executive Ralph Findlay said: "The group has performed strongly in the first-half of the year. Our ability to integrate acquisitions quickly and effectively has contributed to this good overall performance."

Deutsche Bank analyst Geof Collyer was impressed with the figures. "They are about 5% or 6% ahead of my expectations. It's a resilient business model and shows how pubs haven't necessarily been hit as hard as the high street retail sector," he said.

Buy this week's Caterer magazine for more industry news and analysis

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.

close

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