FDBusiness.com

Marston’s Reports Another Period of Good Growth

 Breaking News
  • Müller Revolutionises the UK’s Favourite Yogurt Brands Müller is set to revolutionise the UK yogurt category with new and improved recipes for the nation’s two favourite yogurt brands, Müllerlight and Müller Corner[1]. The dairy company has also revealed details of its biggest ever marketing campaign. As the business continues to strengthen its core brands, and inspire people to live healthier and happier lifestyles, [...]...
  • Guardians of Grub Crusade to Beat Food Waste A bold new industry campaign has been launched to tackle nearly £3 billion worth of food that is wasted every year across the entire UK hospitality and food service sector, of which 75% could have been eaten. The Guardians of Grub campaign was developed by WRAP as part of its ambitious work to cut food [...]...
  • Olleco Awarded Royal Warrant ABP Renewables Division, Olleco, the UK’s leading supplier of cooking oils and collector of used cooking oils, has become the first dedicated circular economy company to be granted a Royal Warrant by Her Majesty The Queen. The Warrant recognises the company’s work to create a ‘closed loop’ solution for the Royal Household. Olleco supplies fresh, sustainable [...]...
  • Premier Foods Plans to Increase Investment in Capital Projects and Consumer Marketing Premier Foods has reported a 0.6% rise in revenue to £824.3 million for the 52 weeks ended 30 March 2019. Group trading profit at £128.5 million was up by 4.5% compared to the previous year and adjusted profit before tax rose by 12.1% to £88.0 million. However, due to GMP pensions recognition and impairment of [...]...
  • HKScan Plans to Strengthen its Financial Position HKScan, the Nordic meat and meals company, is planning a share issue of up to €60 million to secure its financial position and to strengthen its capital structure. The planned share issue is intended to provide a strong foundation for developing the company’s business portfolio and balancing its financial situation and for building future growth. The [...]...

Marston’s Reports Another Period of Good Growth

Marston’s Reports Another Period of Good Growth
May 17
11:35 2018

Marston’s, the UK pub operator and independent brewer, has reported a 4.6% increase in underlying operating profit to £74.3 million and a 19.8% rise in underlying revenue to £528.1 million for the 26 weeks ended 31 March 2018, with growth in all trading segments principally driven by the acquisition of the Charles Wells Beer Business, the contribution from new openings and pub acquisitions and positive like-for-like sales in its Taverns business. Total managed and franchised pubs like-for-like sales were in line with last year with growth in Taverns offset by weaker sales in Destination and Premium oulets, which were impacted by the poor weather in the period.

Underlying profit before tax was up 7.7% to £36.3 million, driven chiefly by strong Brewing and Taverns performance.

Total revenue at the Brewing operation increased by 79.2% to £169.2 million, principally reflecting the acquisition of the Charles Wells Beer Business in June 2017 and continued growth in ale volumes in the core business. Underlying operating profit increased by 28.8% to £13.4 million. Operating margin of 7.9% was below last year due to the Charles Wells Beer Business, which has historically operated at a lower margin.

Ralph Findlay, chief executive of Marston’s.

Marston’s has a wide portfolio of beers which account for 1 in 4 premium bottled ales and around 1 in 4 premium cask ales sold in the UK. The portfolio was enhanced in 2017 by the acquisition of the Charles Wells Beer Business, which included the Bombardier, Youngs, McEwans and Courage brands. 88% of Brewing sales are outside Marston’s own pubs.

Ralph Findlay, chief executive of Marston’s, says: “We are pleased to report another period of good growth in revenue and underlying profit before tax. Strong trading in Brewing and Taverns and Leased pubs offsets the adverse impact of poor weather on ‘drive-to’ pubs in our Destination estate, further validating the resilience of our model. We have made modest and prudent adjustments to our capital plans to reflect the current economic and consumer climate. However, Marston’s is a balanced business and we are confident that the medium-term outlook for the eating-out and wet-led pub sectors remains good and that targeting an increased profitable share of a growing market through an unremitting focus on quality, service, standards and value for money remains key.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements