Solid Interim Growth at Marston’s

 Breaking News
  • Scottish Food and Drink Exports Hit Record £6 Billion Overseas Scottish food and drink exports were worth approximately £6 billion in 2017 – almost £570 million more than 2016. Food exports were valued at about £1.6 billion – a rise of 15% (£214 million) during the same period. Exports of food to Europe were worth £1.1 billion after an increase of 13%, or £125 [...]...
  • UK Casual Dining Contraction is Independents’ Opportunity With casual dining brands closing sites and scaling back expansion in the UK, well-run independent operators have an opportunity to take back market share, says buying specialist Lynx Purchasing. Operators who do their homework on the eating-out market, including implementing strong buying disciplines, can broaden their customer appeal, says Lynx Purchasing managing director Rachel Dobson. “Since the [...]...
  • AAK UK Opens First Customer Innovation Centre AAK UK has opened a new Customer Innovation Centre in Hull to take its co-development work with leading food brands to new levels of success. AAK, the UK’s leading manufacturer and supplier of edible oils, fats and semi-speciality oil ingredients, works in close partnership with some of the most famous names in food and bakery to [...]...
  • Marks and Spencer Selects Zetes to Transform Food Supply Chain Operations Marks and Spencer (M&S) has selected Zetes to help transform visibility and fulfilment across its fresh food supply chain. The partnership will also see greater collaboration between M&S and its food suppliers via Zetes’ supply chain visibility platform, ZetesOlympus. Through ZetesOlympus, M&S will gain real-time fulfilment performance insight across its fresh food supply chain. The platform will help M&S [...]...
  • Guinness Remains Ireland’s Most Valuable Brand at €2.1 Billion Guinness remains Ireland’s most valuable brand after growing by 5% over the last year to a brand value of €2.1 billion on the back of new product innovations and steady sales of the world-famous draught, according to the latest report by Brand Finance, the world’s leading independent brand valuation and strategy consultancy. Guinness’s brand value has [...]...

Solid Interim Growth at Marston’s

Solid Interim Growth at Marston’s
May 19
12:40 2016

UK brewer and pub operator Marston’s increased underlying group revenue by 11.5% to £428.7 million and underlying profit before tax by 11.8% to £33.1 million for the 26 weeks ended 2 April 2016. The underlying revenue growth reflected like-for-like growth in the group’s pubs, the positive impact of new openings, growth in its beer brands, and the acquisition of Thwaites’ beer business. On a statutory basis profit before tax was £22.8 million against a corresponding loss of £27.5 million in 2015.

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.

Ralph Findlay, chief executive of Marston’s

Ralph Findlay, chief executive of Marston’s

Marston’s beer business continued to grow strongly in the first half. Brewing revenue increased by 36.6% to £92.6 million, primarily due to the benefits of the Thwaites acquisition. Underlying operating profit increased by 16.3% to £10.0 million. Overall ale volumes were up 22% on the previous year reflecting the benefits of the Thwaites acquisition. Premium cask ale volumes were up 22% and bottled ale volumes up 10%. However, the operating margin was down versus last year at 10.8% which is due to the impact of the pub supply arrangement with Thwaites which generates a positive profit contribution, albeit at a low margin percentage.

Ralph Findlay, chief executive of Marston’s, comments: “We are encouraged by our first half performance, and are on track to meet our expectations for the year. In pubs, we have driven our growth by the organic development of pub-restaurants and franchise-style pubs, and more recently through investment in lodges and premium bars, widening our appeal. In Brewing, we had an excellent first half year and achieved good growth through our industry-leading brands and service.”

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 18, 2018ProWein
  • March 21, 2018World Olive Oil Exhibition
  • March 28, 2018FOOD INDUSTRY
  • April 4, 2018The leading event for the snack and food-on-the-go market
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here