Adnams has seen demand in its property and retail business rebound ahead of 2019, with business performance meeting expectations in the first four months of 2022.

During its AGM, held yesterday (12 May), the directors said that the business had “successfully navigated the pandemic” and acted consistently in its long-term approach to business.

“For many customers, there is still underlying caution around international travel, and as awareness of appealing UK destinations grow, Adnams pubs and retail businesses in both rural and coastal locations are uniquely positioned to meet this demand, chairman Jonathan Adnams said.

“The on-trade continues to be more challenging as sales in urban settings are more subdued.”

Adnams said that as for all businesses in the sector, the outlook remained uncertain for the remaining six months of the year, given the conflict in Ukraine and inflationary pressures in the economy.

“The IT systems change implemented in 2018/2019 and the continued investment in people, processes and procedures has enabled the business to become more efficient. This, together with the new disciplines honed over the last two years means the business is well positioned to cope with what is likely to be a challenging time for the hospitality industry,” he added.