17th Nov 2011 11:05
PRESS RELEASE
17 November 2011 |
GREENE KING plc
INTERIM SEGMENTAL COMPARATIVES FOR NEW REPORTING FORMAT
In December 2010, we announced we would fully integrate Belhaven to further streamline the organisation and in our results for the year ended 1 May 2011 we would report our results in both the old and new formats.
Ahead of the announcement of our interim results on 1 December 2011, unaudited comparative information for the 2010/11 interim period in the new format is shown below. This format will form the basis of segmental reporting going forward.
2010/11 (24 weeks) | Retail | Pub | Brewing and | Corporate | Unallocated | Total |
Partners | Brands | operations | ||||
£m | £m | £m | £m | £m | £m | |
External revenue | 328.8 | 78.7 | 76.6 | - | - | 484.1 |
Segment operating profit | 64.5 | 35.5 | 15.6 | (5.6) | - | 110.0 |
Exceptional items | (13.1) | |||||
Net finance cost | (36.9) | |||||
Income tax expense | (8.1) | |||||
Net profit for the period | 51.9 | |||||
Segment assets/(liabilities) | 1,452.6 | 879.8 | 310.4 | (30.8) | (1,719.3) | 892.7 |
EBITDA* | 83.4 | 39.2 | 18.2 | (5.4) | - | 135.4 |
Average trading pubs | 889 | 1,570 | 2,459 |
The Belhaven segment as previously disclosed has been re-allocated to other segments as follows:
2010/11 (24 weeks) | Retail | Pub | Brewing and | Corporate | Unallocated | Total | |
Partners | Brands | Belhaven | |||||
£m | £m | £m | £m | £m | £m | ||
External Revenue | 35.4 | 10.7 | 30.3 | - | - | 76.4 | |
Segment operating profit | 7.3 | 4.9 | 5.6 | (0.3) | - | 17.5 | |
Segment assets/(liabilities) | 153.3 | 104.4 | 106.5 | (5.2) | (4.3) | 354.7 | |
EBITDA* | 8.8 | 5.3 | 6.4 | (0.4) | - | 20.1 | |
Average trading pubs | 105 | 229 | 334 | ||||
*before exceptional items | |||||||
FOR FURTHER INFORMATION:
Greene King plc | Rooney Anand, Chief Executive Matthew Fearn, Group Finance Director | Tel: 01284 763222 |
Capital MSL | Steffan Williams Richard Campbell | Tel: 0207 307 5330 |
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