Marston’s sees strong profit and revenue growth

Pub group Marston's could be looking to step up its hospitality recruitment after reporting impressive growth in both profit and revenue in its latest full-year results.

Group revenue rose 5.5 per cent to £719.7 million in the 12 months to September 29th this year, while profit before tax increased to £87.8 million, 9.2 per cent more than the £80.4 million reported in 2011.

A large proportion of the company's growth came through food sales, which rose 2.4 per cent on a like-for-like basis and now represent 44 per cent of the group's total sales.

The company said this suggests their F-Plan – a growth strategy introduced seven years ago that places a focus on food, families, females and forty/fifty-somethings – is still proving effective.

"These results demonstrate resilience despite the weak economy and very poor weather during the summer," said Ralph Findlay, Marston's PLC's chief executive officer.

"All areas of the business achieved increased revenue and profit in the year, demonstrating the continuing appeal of good pubs and beers.

"The economy is likely to remain weak for the foreseeable future, but we have a clear, proven strategy which is appropriate for current market conditions, and which is achieving growth."

Meanwhile, the period saw the group complete the construction of 25 new managed pubs, with plans in place to build another 20 to 25 premises in 2013, helping to boost hospitality jobs in the pub sector.
 

Marston's also confirmed the departure of its chairman David Thompson, who has indicated his intention to retire after 35 years’ service. 

"David's contribution to the company and the industry has been immense, and his intellect and capacity for hard work have been invaluable," said the firm in a statement.

"During David's tenure, as managing director from 1986 to 2001, and as chairman since 2001, the company has expanded from its regional origins to become a national pub operator and brewer."

Berkeley Scott is a specialist recruitment agency providing hospitality employment solutions

Leave a Reply

Your email address will not be published. Required fields are marked *

ERROR: si-captcha.php plugin says GD image support not detected in PHP!

Contact your web host and ask them why GD image support is not enabled for PHP.

ERROR: si-captcha.php plugin says imagepng function not detected in PHP!

Contact your web host and ask them why imagepng function is not enabled for PHP.