About Marston's
Marston’s is a leading independent brewing and pub retailing business operating a vertically integrated business model.
We operate around 2,150 pubs and bars situated across England and Wales, comprising tenanted, leased, franchise and managed pubs at the heart of thriving local communities offering a welcoming environment and value for money.
We operate five breweries —
- Banks’s Brewery in Wolverhampton,
- Marston’s Brewery in Burton upon Trent,
- Jennings Brewery in the Lake District,
- Ringwood Brewery in Hampshire and
- Wychwood Brewery in Oxfordshire.
HIGHLIGHTS
Financial and Strategy
- Managed pub development
19 new-build managed pubs completed with performance ahead of target; on track to complete around 25 new-build sites in 2012.
- The ‘F-Plan’
Food like-for-like sales up 5% now representing 42% of sales; over 26 million meals sold in managed pubs at an average spend per head of £6.10.
- Tenanted and leased pub development
Retail Agreements implemented in 337 pubs with profit uplift in line with targets; on track to roll out to a further 200 pubs in 2012.
- ‘Localness’ and premium ale strategy
Premium cask ale volumes are up 5%, premium ale brands now representing 62% of our ale portfolio.
Revenue (£m)
£682.2m up 4.8%
(2010: £650.7m)
Underlying* operating profit (£m)
£154.3m
(2010: £148.7m)
Underlying* profit before tax (£m)
£80.4m up 9.4%
(2010: £73.5m)
Underlying* earnings per share (p)
11.2p
(2010: 10.0p)
Dividend per share
5.8p
(2010: 5.8p)
* The underlying results reflect the performance of the Group before exceptional items. The Directors consider that these figures provide a useful indication of the underlying performance of the Group.
Earning and dividends per share have been restated to reflect the 4-for-1 share split in January 2007 and the impact of the issue of new shares under a rights issue in July 2009.