FDBusiness.com

Further Progress at Marston’s

 Breaking News
  • New Head For Arla Foods UK Arla Foods, the leading European dairy co-operative, has announced the departure of its UK Managing Director, Tomas Pietrangeli, who is leaving the company to become CEO of Danish retail group Dagrofa. Pietrangeli will be replaced by Ash Amirahmadi, who is currently SVP – Sales for Arla Foods in the UK. Tomas Pietrangeli will leave on 30 June [...]...
  • HKScan Invests in its Kristianstad Plant in Sweden HKScan, the Nordic meat and food group, is investing close to €7 million in its Kristianstad plant in Sweden. This is one of the steps in HKScan’s strategic development of the entire value chain, from farm to fork. The investment further modernizes Sweden’s largest pig slaughterhouse and strengthens thereby further HKScan’s operational footprint. “HKScan’s investment increases [...]...
  • Craft Beer Revolution is Here to Stay Royal DSM, a global science-based company active in health, nutrition, and materials, has published a new report in its Global Insights Series which indicates the consumer demand for craft beer is not likely to slow down anytime soon. The report, which surveyed 3,300 consumers in seven countries in the Europe and US, shows that 4 [...]...
  • DeutscheBack Reduces Acrylamide in Bakery Products With Innovase ASP DP, DeutscheBack now offers manufacturers of bakery products an enzyme system that prevents the formation of acrylamide in baked goods such as biscuits, wafers, bread and rolls. A simple dosing makes the new solution easier for bakers to use than enzyme concentrates and enables adherence to the statutory tolerances for acrylamide without [...]...
  • AllinAll Ingredients Officially Opens New €5 Million Facility in Dublin An Taoiseach Leo Varadkar, TD (pictured above left), has officially opened AllinAll Ingredient’s new state-of-the-art manufacturing and Research and Development facility in Rosemount, Dublin. The company, which has been in the food industry for over 20 years, develops and manufactures ingredients, sauces and blends for the processed food market. Its R&D lead team have developed [...]...

Further Progress at Marston’s

Further Progress at Marston’s
May 19
09:46 2015

 Marston’s, the UK brewer and pub operator, has reported a 2.7% increase in total underlying revenue to £384.5 million for the 26 weeks ended April 4th 2015, reflecting the contribution from new pub-restaurants, solid like-for-like sales growth, and growth in the Brewing division, over and above the impact of disposals. Underlying operating profit increased by 1% to £66.5 million despite a disposal impact of around £3 million and a £2 million accounting increase in pension costs. Underlying profit per pub improved in all of the group’s pub segments and Marston’s achieved profit growth of 10.3% in Brewing.

Marston’s has an estate of around 1,630 pubs situated nationally, comprising managed, franchised and leased pubs. It is the UK’s leading brewer of premium cask and bottled ales, including Marston’s Pedigree and Hobgoblin. The beer portfolio also includes Banks’s, Jennings, Wychwood, Ringwood, Brakspear and Mansfield beers.

Marston’s strategy is to achieve growth in pubs through investment in attractive new-build pubs, and in its core estate through its managers, franchisees and lessees offering memorable service to customers. In Brewing, the focus is on local and premium draught and bottled beers in a market where there is increasing demand.

MarstonsWainwrightPumpRalph Findlay, chief executive of Marston’s, comments: “Two years ago, we set out our plan to reposition our pub estate, focusing on high-quality pubs with opportunity for further growth. As we approach the end of the transition period, these results demonstrate our plan is working. Profits have increased in each of our trading segments, excluding the impact of disposals, and we remain on track to complete 25 new-builds this year with excellent visibility on our site pipeline in 2015 and 2016. We are also seeing good opportunities to expand our premium estate, Pitcher & Piano and Revere, and invest further in pubs with accommodation. We expect to complete the majority of our disposals programme this year and our momentum gives us confidence of achieving further progress in the future.”

The group’s total underlying Brewing revenue increased by 9.4% to £67.8 million, underlying operating margin was 0.1% ahead of last year, and underlying operating profit increased 10.3% to £8.6 million. Ale volumes were 4% ahead of last year, including growth of 9% in premium ale volumes. The group maintained its market leading position in premium cask ale with a market share of 17%, and maintained its share of the bottled ale market at 21% through continued growth in the off-trade.

Since the period end Marston’s has completed the acquisition of the trading operations of Thwaites’ beer division, including the Lancaster Bomber and Wainwright brands, for a total cash consideration of £25.1 million before working capital. The acquisition is consistent with Marston’s strategy to focus on popular premium ale brands and provides further opportunities for growth in the developing free trade market.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 25, 2018Packaged., The 7th Global Summit
  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements