E-Malt.com News article: UK: Greene King announced the trading performance for the 12 week period

Greene King announced on September 2 that the trading performance for the 12 week period to 24 July 2005 has been positive and in line with expectations.

Total like-for-like sales in Pub Company were up 1.2 per cent (2.6 per cent excluding the 'Euro 2004 effect') and total like-for-like turnover in Pub Partners was up 3.6 per cent. Own brewed beer volumes increased by 6 per cent and Greene King IPA continued its positive momentum, increasing by 8 per cent whilst Old Speckled Hen and Abbot Ale increased by 12 per cent and 3 per cent respectively.

Sales were strong, reflecting the quality of the Greene King business, and margins have remained robust in each of the three trading divisions.

The acquisition of Ridley's was completed by Greene King on 4 July 2005 and the integration process has been progressing well.'

The offer document in relation to Greene King’s recommended cash offer for The Belhaven Group plc was posted on 24 August 2005. The first closing date in relation to the offer is 15 September 2005. A further announcement will be made around that time.


02 September, 2005