ETM Group turnover increases by 34.7%

By Stuart Stone contact

- Last updated on GMT

Latest results: ETM Group has 'clearly demonstrated that there is consumer demand for experience-led venues' according to chief executive Ed Martin
Latest results: ETM Group has 'clearly demonstrated that there is consumer demand for experience-led venues' according to chief executive Ed Martin
The ETM Group’s results for the year ending 29 February 2018 revealed an “incredible year” according to chief executive Ed Martin.

Highlights from the 14-strong bar and restaurant group’s latest figures, revealed on 25 November, include group EBITDA increasing by 202.6% to £2.7m and a 34.7% increase in group turnover to £27m, driven by like-for-like growth alongside increased event and pre-booked sales.

Moreover, 2018 saw the opening of two new City of London sites - the Long Arm Pub & Brewery and Broadleaf – as well as the securing of a £10m funding package from HSBC.

In addition to opening Maple at Westfield London – in White City, West London – in the summer, ETM Group has secured a number of new sites including Redwood, the group’s fourth sports-led venue at London Bridge and will refurbish the Botanist in Sloane Square as part of the site’s 10th​ anniversary celebrations.

The Group’s performance was also recognised at the industry’s Retailer’s Retailer Awards, with the group picking up the Evolution Award for demonstrating its ability to develop in new and changing markets.

‘Incredible year’

Martin commented: “This has been an incredible year for ETM.

“The industry is facing challenging trading conditions and considerable cost headwinds.

“Despite this, the group has clearly demonstrated that there is consumer demand for experience-led venues that deliver on quality food, drink and sport.

“The funding from HSBC and landlords’ continued demand for ETM’s innovative venues means we have a strong site pipeline in place.

“We will continue to invest in our current portfolio and our infrastructure to ensure our offer remains relevant and differentiated.”

Related topics: Other operators

Related news

Show more