FDBusiness.com

Marston’s Completes Transformation Programme

 Breaking News
  • Parmalat Acquires Canadian Natural Cheese Division of Kraft Heinz For €1.1 Billion Parmalat, the Italian dairy group, is acquiring Kraft Heinz Canada’s division that produces and markets Kraft’s natural cheese products, mainly under the Cracker Barrel, P’tit Quebec and aMOOza brands, for C$1.62 billion (€1.1 billion). Net revenue generated by the business being acquired amounted to about C$560 million (€374 million) in 2017. The acquired business includes [...]...
  • Lantmännen Unibake Expands in Australia The international bakery group Lantmännen Unibake has signed an agreement to acquire the Australian pastry manufacturer Bakery du Jour. The acquisition is an important step to expand Lantmännen Unibake’s global footprint. Family-owned Bakery du Jour was founded more than 20 years ago and is a leading supplier of premium pastry products to major Australian retailers as [...]...
  • Leading Global Online Grocery Markets to Create a $227 Billion Growth Opportunity by 2023 Ten leading global online grocery markets are predicted to experience combined growth of $227 billion, at an annual rate of 20%, by 2023, according to new figures unveiled by IGD. As the global leader in grocery eCommerce, China will grow at a 31% CAGR over the next five years, taking market share from 3.8% to 11.2%. [...]...
  • Agr’s New Multi-head Coating Measurement System Performs Body and Finish Coating Measurements in One Operation Agr International recently announced the introduction of the Combined Coating Measurement System (CCMS) for measuring metallic coatings on both the finish and body regions of glass containers. This totally new device provides operators with a one-stop, single operation testing station for measuring tin oxide coatings applied to the container during the production process. This system utilizes [...]...
  • PepsiCo to Acquire Pipers Crisps PepsiCo intends to acquire premium crisps brand Pipers, subject to approval from the UK Competition and Markets Authority. PepsiCo plans to accelerate the growth of the Pipers business in the UK and will continue to develop the export of its products. The kettle-cooked, gourmet crisp brand will complement PepsiCo’s existing savoury snacks portfolio, with Pipers’ award-winning [...]...

Marston’s Completes Transformation Programme

Marston’s Completes Transformation Programme
November 30
10:46 2015

Marston’s, the UK brewer and pub operator, has increased underlying profit before tax by 10.2% to £91.5 million for 2015, principally due to the contribution from new pub-restaurants and a strong performance from the Brewing division. Underlying group revenue rose by 7% to £845.5 million reflecting like-for-like growth in the pubs, the impact of new openings, growth in Marston’s beer brands, and the acquisition of Thwaites’ beer business.

The group achieved profit growth in all trading segments despite disposals. On a statutory basis profit before tax was £31.3 million against a loss of £59.2 million in 2014.

Employing around 13,500 people, Marston’s has an estate of around 1,600 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 portfolio also includes Banks’s, Jennings, Wychwood, Ringwood, Brakspear, Thwaites and Mansfield beers.

MarstonsPedigreeHeaderSince 2013, Marston’s have reduced the size of the pub estate from 2,050 pubs to a core 1,600 pubs which now substantially completes the disposal programme. Importantly, average profit per pub, a good indicator of pub quality, has increased to around £100,000 per pub, up around 40% since 2012.

Ralph Findlay, chief executive of Marston’s, comments: “The three year transformation of our pub portfolio towards an optimised estate is now largely complete. We approach 2016 with our business successfully positioned at the forefront of industry trends with high quality, well-invested pub assets which are fit for the future. We have great people and a growing portfolio of leading beer brands where our focus on premium and local provenance continues to serve us well.”

He continues: “Looking forward, we remain on track to open at least 20 new-build pubs this year and have in place a carefully selected site pipeline in key regional locations for 2016 and beyond. Whilst new-build, food-led pubs remain our core growth driver, we have evolved our strategy to capitalise upon other opportunities for expansion where we see attractive returns potential.”

Total Brewing revenue increased by 27.6% to £169.1 million during 2015, reflecting the benefits of the Thwaites acquisition. Underlying operating profit increased by 19.0% to £20.7 million.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements