28th Jun 2011 07:00
GREENE KING plc
28 June 2011
NEW REPORTING FORMAT FOLLOWING INTEGRATION OF BELHAVEN
In December 2010 we announced that we would fully integrate Belhaven to further streamline the organisation and we stated that for the year ending 1 May 2011 we would report our results in both the existing and new formats.
Ahead of the announcement of our preliminary results on 30 June 2011, unaudited comparative information for the 2009 / 10 financial year as reported in the new format is shown below.
2009/10 (52 weeks) | Retail | Pub | Brewing | Corporate | Unallocated | Total |
Partners | and Brands | operations | ||||
£m | £m | £m | £m | £m | £m | |
External revenue | 657.7 | 168.7 | 157.7 | - | - | 984.1 |
Segment operating profit * | 118.7 | 75.7 | 31.8 | (14.9) | - | 211.3 |
Net assets | 1,443.8 | 888.4 | 317.8 | (23.8) | (1,713.3) | 912.9 |
EBITDA * | 157.5 | 83.6 | 37.6 | (14.3) | - | 264.4 |
Average number of sites trading | 879 | 1,602 | - | - | - | 2,481 |
The Belhaven segment has been re-allocated to other segments as follows:
2009/10 (52 weeks) | Retail | Pub | Brewing | Corporate | Unallocated | Total |
Partners | and Brands | Belhaven | ||||
£m | £m | £m | £m | £m | £m | |
External revenue | 68.5 | 23.6 | 59.8 | - | - | 151.9 |
Segment operating profit * | 12.3 | 11.1 | 10.4 | (1.1) | - | 32.7 |
Net assets | 152.6 | 105.3 | 108.9 | (5.2) | - | 361.6 |
EBITDA * | 15.6 | 11.8 | 12.0 | (1.0) | - | 38.4 |
Average number of sites trading | 101 | 230 | - | - | - | 331 |
*before exceptional items
For further information:
Greene King plc | Rooney Anand, Chief Executive Ian Bull, Group Finance Director | Tel: 01284 763222 |
Financial Dynamics | Ben Foster | Tel: 020 7831 3113 |
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