Marston’s Breaks Through £1.1 Billion Revenue Barrier

 Breaking News
  • Kerry Group Benefits From Unique Business Model Kerry Group, the global taste, nutrition and consumer foods business, has reported a 3.1% increase in revenue to €6.6 billion for the year ended 31 December 2018, reflecting strong volume growth and contribution from acquisitions, partially offset by adverse currency movements. Business volumes grew by 3.5% and pricing decreased by 0.5% against a backdrop of [...]...
  • Premier Foods Discontinues Ambrosia Sale Process Premier Foods has decided not to proceed with the potential disposal of its Ambrosia brand. A number of parties expressed interest in the business, and since the New Year Premier Foods has been engaged in detailed discussions with a small group of potential buyers. However, the Premier borad has concluded that in the present business [...]...
  • Heineken Maintains Strong Top Line Growth in 2018 Heineken achieved organic net revenue growth of 6.1% to €22.471 billion in 2018, with a 4.0% increase in total consolidated volume and a 2.0% increase in revenue (beia) per hectolitre. Operating profit (beia) rose organically by 6.4% to €3.868 billion but the operating profit margin (beia) slipped by 17 bps to 17.2%. Net profit for [...]...
  • Another Year of Progress For Nestlé Nestlé has reported a 2.1% increase in sales to SFr91.4 billion (€80.6 billion) for 2018 with organic growth of 3% and group RIG of 2.5%, which was at the high end of the food and beverage industry, helped by faster innovation and successful new product launches. 2018 organic growth was supported by stronger momentum in [...]...
  • Fast-growing Asia Maternal Nutrition Market to Boost Demand For Dairy ingredients and Formula Maternal nutrition is a hot new opportunity in emerging markets, according to the latest report from food and drink experts, Zenith Global. In many parts of Asia, the concept of optimal nutrition during the first 1,000 days of a baby’s life (from conception to two years old) is capturing the attention of mothers and their [...]...

Marston’s Breaks Through £1.1 Billion Revenue Barrier

Marston’s Breaks Through £1.1 Billion Revenue Barrier
November 23
10:35 2018

Marston’s, the UK pub operator and brewer, has reported record revenue and underlying profit before tax growth for the 52 weeks ended 29 September 2018. Total underlying revenue increased by 14.9% to £1.140 billion, reflecting the rollover benefits of the acquisition of the Charles Wells Beer Business from the previous year, new distribution contracts in its brewing operation, the positive impact of new openings and pub acquisitions, together with positive like-for-like sales in Marston’s pub business. Underlying operating profit rose 4.6% to £182.5 million.

Underlying profit before tax was up 3.9% to £104.0 million, aided by the strong performance of the group’s Brewing and Taverns divisions. On a statutory basis, revenue was up 13% and profit before tax was £54.3 million.

Total revenue at the Destination and Premium division increased by 2.9% to £450.7 million reflecting the performance of new-build pub-restaurants offset by a decline in like-for-like sales. Underlying operating profit of £89.4 million was up 0.6%. Profit per pub is 3% down compared to the previous year.

Total revenue increased by 3.6% to £312.0 million at the Taverns division, principally reflecting like-for-like sales growth in the year in its managed and franchised pubs. Operating profit was up 2.4% on last year reflecting growth in the core business offset by disposals. Profit per pub was up 4% on last year.

In the Brewing division total revenue increased by 49.3% to £377.7 million, principally reflecting the annualised benefit of the acquisition of Charles Wells Beer Business in June 2017 and the benefits of the new distribution contracts secured in the year. Underlying operating profit increased by 25.5% to £32.0 million.

Ralph Findlay, chief executive of Marston’s, comments: “Marston’s has performed well in a difficult market. Our balanced business model has stood us in good stead, delivering record sales and underlying profits with revenue exceeding £1.1 billion for the first time. Our Taverns wet-led community pubs and market-leading brewing business had an outstanding year, more than offsetting the effects of weather volatility and the World Cup on our food-led pubs.

“Macro-economic and political uncertainty is reflected in our capital plans this year. However, the outlook for good pubs and brewing remains attractive and Marston’s is well placed to leverage the opportunity this presents with our high quality, well invested estate, leading brands and great people. We expect to make positive progress once again in the current financial year.”

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here