“Cautious stance” for brewery and hospitality group following £3.3m 2021 losses

Brewery and hospitality group Adnams has said it is taking a “cautious approach” to performance following multi-million pound losses during the pandemic.

The firm has reported a pre-tax loss of £3.3m in the six months up to June 2021, with losses of £4.3m for the full year of 2020.

Jonathan Adnams OBE, Adnams’ chairman, commented: “The Adnams team has performed admirably throughout a series of lockdowns and when called upon to reopen the business.

“The adaptability and resilience within our culture has meant that we have been able to deal with this uncertain and fast changing situation in the best way possible, taking our customers with us and positioning us for future success.

“We are pleased at the prospect of unrestricted trading and that the vaccine roll-out and vaccine efficacy has enabled the country to reach this stage. However, we have also always been clear that any release must be sustainable and unreversible.

“Given current data and the ‘mood music’ coming from Government and the medical community, we will continue to take a cautious stance to ensure the business, our staff, our pubs, and our customers are protected for the future as we deal with those ongoing uncertainties.”

In an additional trading statement, the firm added: “The business remains cautiously optimistic that the worst of the pandemic is behind it and that the on-trade will be able to progress relatively normally into the autumn and beyond.”

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