Admiral “pleased” with performance against “challenging backdrop”

Admiral Taverns has said underlying group EBITDA rose 6.2% on the previous year to £23.7m, after it released its results for the 52 Weeks ending 1 June 2019. It also said like for like sales at its 713-strong retained estate were up 4.3%. And it said it had invested £8.1m over the last 12 months and its estate was now valued at £259.8m despite disposing of 46 pubs during the period, which reflected that investment.