Further Progress at Marston’s

 Breaking News
  • KK Foods Plans £5.5 Million Expansion KK Fine Foods, a leading frozen food manufacturer based at Deeside in Wales, is set to expand and diversify with support from the Welsh Government, creating an additional 40 new...
  • Nestlé Launches Fund to Boost Packaging Innovation Nestlé has announced that it will invest up to SFr2 billion (€1.86 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of...
  • Bosch Packaging Technology is Now Syntegon Syntegon Technology is the new name for Bosch Packaging Technology, following the sale of the former Bosch division. Headquartered in Waiblingen, Germany, Syntegon Technology’s business focus is on intelligent and...
  • Nestlé Launches New KitKat Gold in the UK Nestlé has unveiled a unique addition to its biggest confectionery brand – the new KitKat Gold. KitKat Gold is a combination of trademark crispy wafer on a smooth milk chocolate...
  • 789 Food and Drink Acquisitions in 2019 2019 broke records again for the number of food and drink transactions around the world, with 789 registered on the Zenith Global mergers and acquisitions database, an average of 15...

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.

Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events


find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here