Adnams reports profits rise
Adnams, the Suffolk brewer, distiller and retailer, has announced another strong year, particularly in spirits sales. The company reported sales of £65.7m and a 7.3% rise in operating profit to £4.1m for the year to 31 December 2015.
Jonathan Adnams OBE, Chairman said: “I am pleased to report the company made good progress in 2015, the economic mood was reasonably buoyant and a cut in duty rate for the third year running was a welcome announcement in the budget.
“Ghost Ship has remained in strong growth, as have our newer range of kegged, canned and bottled beers which fit well into the vibrant and growing UK craft beer market.
“Our investment into the Brewery and Distillery continues, and this development will ensure we have the flexibility and capacity to meet the demands of the changing beer market.
“Our spirits have become an integral part of our business, and we’re delighted to have trebled our capacity with the addition of two new stills.”
Volume sales for its spirits are up 39%.
Separately, Adnams is gearing up for the famous Oxford and Cambridge Boat Race where it will be inviting fans to visit its bar along the route.
The brewer, which is the Official Beer Partner at The Boat Races, will be hosting the Adnams Fan Park at Furnivall Gardens in Hammersmith, positioned at the first bend in the river.
The Adnams Fan Park will be open and free to the public from noon until 7pm on Sunday 27 March 2016. The bar will serve a range of its beers as well as wine, spirits and food. A big screen will show BBC coverage of the race.
Emma Hibbert, marketing director, said: “We are delighted to become the official partner of The Boat Race. The event is steeped in history and there is always a lot of anticipation surrounding the Races, with supporters coming together and lining the banks to cheer on their team.
“This is the first year that Adnams will be the Official Beer Partner of The Boat Races and our sponsorship of the event will continue for the next six years and we are really excited to support such a prestigious event.”