Final results from S&N as a pub operator
By
International brewing group, Scottish & Newcastle, has released interim results for the half year to 20 October showing a good final performance from its managed retail business.
The company’s portfolio of over 1,400 managed pubs, restaurants and lodges was sold on 1 October to the Spirit Amber Bidco group for £2.5bn. The transaction, completed on 3 November, included the negotiation of a seven year beer supply deal.
Turnover for the division was up 2.2 per cent to £537.2m and operating profit up 9.4 per cent to £117m.
Results for the company as a whole saw a 17 per cent rise in turnover to £3.03bn, EBITDA up 16 per cent to £510m and a 14 per cent increase in operating profit to £411m. Details: www.scottish-newcastle.com
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International brewing group, Scottish & Newcastle, has released interim results for the half year to 20 October showing a good final performance from its managed retail business.
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