Fuller Smith & Turner - Re: FSTA Stream Log - Panmure published a note this...

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Re: FSTA Stream Log
12:01 10/06/2016
Simbrad
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Panmure published a note this morning: "Fuller’s has reported FY results for 52 weeks to 26 March 2016 with strong trading in the period. Total revenues increase by 9% to £350.5m, driven by managed LFL sales growth of 4.8%, PBT increase by +12% to £40.9m (PGe £39.5m) giving EPS +13% to 58.35p (PGe 55.0p). Current trading has slowed to +2.7%, beer and cider volumes -5% although this is impacted by short time period and calendar impact. Additionally, the company has purchased an addition 25% stake in The Stable post year end, bringing the total to 76%."

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