24 January, 2006

UK: Greene King’s trading in all four divisions has been in line with expectations

Greene King reported on January 23 that trading in all four trading divisions - Pub Company, Pub Partners, Brewing Company and Belhaven - in the 36 weeks to 8th January 2006, including the Christmas and New Year period, has been in line with expectations.

After 36 weeks, total like for like sales in Pub Company were up 1.6%, with the trading profit margin remaining strong, at 20.8%. Like for like turnover in Pub Partners was up 2.2%, and again margins were robust at 43.7%.

At Brewing Company, own-brewed volume was up 8% after 36 weeks, with sales of Greene King IPA up 5%, Abbot Ale up 6% and Old Speckled Hen up 10%. Brewing Company also maintained good trading profit margins at 22.7%.

Belhaven Best volume was up 8%, and the integration of the Belhaven business has continued to progress well, with delivery against our synergy targets running to plan. The Belhaven and Greene King teams are working well together, and Belhaven's trading results remain in line with our expectations.

Greene King will be announcing its preliminary results for the year ended 30th April 2006 on 11th July 2006.

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