Admiral Taverns has said underlying group EBITDA rose 6.2% on the previous year to £23.7m, after it released its results for the 52 Weeks ending 1 June 2019.

It also said like for like sales at its 713-strong retained estate were up 4.3%.

And it said it had invested £8.1m over the last 12 months and its estate was now valued at £259.8m despite disposing of 46 pubs during the period, which reflected that investment.

“We are pleased with this performance, achieved against a challenging trading backdrop for the wider industry,” said CEO Chris Jowsey.

“We are proud champions of authentic community pubs and over the course of the year have continued to invest significantly, not only in our estate but also in our own people and infrastructure, ensuring that our pubs and the licensees who run them are best placed to meet the evolving needs of the customers they serve.

“I’m also pleased to see the merits of our highly supportive approach once again reflected in our strong performance in the independent KAM licensee index. To date we have had no referrals to the PCA and have been very encouraged by their public acknowledgement of Admiral’s willingness to embrace the Code.”

The business also pointed to a “strong” performance during the period from the 17 pubs acquired from Star Pubs & Bars in December 2017.

 

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