IN BRIEF: Young & Co's Brewery confident on growth as revenue up 25%

Young & Co’s Brewery PLC - London-based pub chain - Says traded well through financial year that ended on March 31, with revenue up 25% and like-for-like sales 5.7% higher. Young’s cites its ‘proven strategy’ as having delivered against widespread challenges. ‘While mindful of ongoing headwinds impacting the sector, this performance, coupled with encouraging trading since the start of the new financial year and Young’s ongoing focus on operating a premium and well invested estate, gives confidence in performance for the year ahead.’ Chief Executive Officer Simon Dodd adds: ‘Our performance demonstrates the strength and resilience of our premium estate, coupled with the work of our phenomenal teams. Together, these factors have enabled our business to continue to thrive, and we remain confident in our ability to deliver profitable growth.’

Young & Co’s will release its full annual results on June 5.

Current stock price: 867.59 pence, up 1.0% on Wednesday afternoon in London

12-month change: down 12%

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