Fuller, Smith & Turner set to exceed FY forecasts

Date: Thursday 04 Feb 2010

London-based pub group Fuller, Smith & Turner said it continues to trade strongly and expects full year results to exceed expectations.

In the 11 weeks to 30 January 2010, like for like sales in Managed Pubs and Hotels grew by 2.6%. Like for like sales growth for the full 44 weeks to
2.8%.

Its managed Pubs and Hotels enjoyed record sales in December and The Fuller's
Beer Company sold a record volume of own beer in the same period. However it added that the severe weather in January took "the gloss off these sales."

Looking ahead the group said it was cautious about the UK economic outlook and the prospects for its customers for 2010 and beyond.

"With inflation set to increase and tax rises and spending cuts inevitable after the general election, we will have to compete even harder for our customers' business," it said in a company statement.

Fuller's is recommending the payment of a second interim dividend of 5.35p per ordinary 'A' share and 0.535 pence per ordinary 'B' share. It also expects to pay a small final dividend in June.

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