Adnams has recorded a loss of £3.9m in the six months to 30th June as its pubs closed and beer sales fell. It hopes to rebuild signifcantly, though, for the company’s 150th anniversary in 2022.
Best seller: Adnams Ghost Ship
Chairman, Jonathan Adnams, said: “The government support schemes, particularly the Coronavirus Job Retention Scheme (furlough), discretionary grants, business rates relief, and cut in VAT, have been enormously important to us. The Treasury should be commended for their urgent and timely response.
“However, there remain substantial hurdles ahead before UK pubs can return to anything like their previous trading on a sustainable basis.”
He added: “I would like to thank my board colleagues and senior management who volunteered to take up to a 50% pay cut from lockdown and through the depth of the crisis.”
Ghost Ship remains Adnams’ most popular beer, and Ghost Ship 0.5% continues to show strong growth. Investment in new brewing equipment, allowing the company to produce beer ready for bottling and canning, has proved its worth at a time when the beer market has moved to selling the vast majority of its products in these formats.