TIDMFSTA 
 
24 July 2018 
 
                         FULLER, SMITH & TURNER P.L.C. 
 
                             AGM Trading Statement 
 
                           16 weeks to 21 July 2018 
 
Fuller, Smith & Turner P.L.C. ("Fuller's" or "the Company"), the London brewer 
and premium pub company, today makes the following trading statement for the 16 
weeks from 1 April to 21 July 2018 ("the period"), in advance of the Company's 
Annual General Meeting to be held today [24 July 2018] at 11am, in The Hock 
Cellar, Griffin Brewery, Chiswick, London W4 2QB. 
 
 
The Company has made a good start to the new financial year with like for like 
sales in our Managed Pubs and Hotels rising 4.0%, particularly pleasing against 
a strong comparative of 6.6% for the same period in the prior year. Like for 
like profits in our Tenanted Inns were up 4% and total beer and cider volumes 
in The Fuller's Beer Company were flat. 
 
Chief Executive Simon Emeny said: "Our core business has performed well, with 
the prolonged summer weather benefiting our pubs with outside space and our 
latest acquisitions are bedding in well and performing to plan. We have a 
number of exciting schemes lined up for the coming year, including 
refurbishments of the four We Are Bar sites acquired in June and the opening of 
two new station sites at Euston and Liverpool Street. Recent investment in our 
Destination Chiswick initiative has been well received and included the opening 
of our new brewery shop and pilot plant. 
 
"Although we have undoubtedly benefited from the feel-good factor of England's 
World Cup performance and good summer weather, it is important to remember that 
the underlying economic and political situation, particularly the UK's position 
with regards to Europe, creates uncertainty and it is difficult to predict the 
nature of any potential impact on the sector. 
 
"However, Fuller's is a well-balanced company that is founded on iconic pubs 
and a premium portfolio of outstanding brands, underpinned by an excellent team 
of people. We have exciting plans in place to keep us relevant and interesting 
to today's consumer and we face the coming year in a strong position and with a 
positive outlook." 
 
The next report will be on 23 November 2018, when the Company issues its half 
year results for the 26 weeks to 29 September 2018. 
 
                                   - Ends - 
 
For further information, please contact: 
 
Fuller, Smith & Turner P.L.C. 
 
Simon Emeny, Chief Executive (press)                  020 8996 2135 
 
James Douglas, Finance Director (analysts)        020 8996 2000 
 
Georgina Wald, Corporate Comms Manager   020 8996 2198/07831 299801 
 
Instinctif Partners 
 
Justine Warren                                                          020 
7457 2020 
 
Notes to Editors: 
 
Fuller, Smith and Turner P.L.C. is an independent traditional family brewer 
founded in 1845 and is based at the historic Griffin Brewery in Chiswick, 
London, where brewing has taken place continuously since 1654. As of today [24 
July 2018], the Company runs 179 Tenanted pubs and 209 Managed Pubs and Hotels, 
with a focus on delicious fresh, home-cooked food, outstanding cask and craft 
ale, great wine and exceptional service. The Company also has 781 boutique 
bedrooms in its Managed estate. The Fuller's pub estate stretches from Brighton 
to Birmingham and from Bristol to the Greenwich Peninsula, including 174 
locations within the M25. In June 2018 Fuller's acquired Bel & The Dragon, 
comprising six stunning country inns (included in the pub numbers above), and 
the Company also owns The Stable, a craft cider and gourmet pizza restaurant 
business, which has 17 sites in England and Wales. 
 
The Fuller's Beer Company brews a portfolio of premium beers including London 
Pride, Frontier Premium London Lager and a variety of cask and craft keg beers 
supported by a changing seasonal range. The Company owns Cornish Orchards - a 
craft cider maker producing a range of award-winning ciders and premium soft 
drinks - and Nectar Imports, a wholesale drinks business. In February 2018, 
Fuller's also acquired Dark Star Brewing, a craft cask brewer based in Sussex. 
 
 
 
END

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