• Latest News
  • Restaurant News
  • Hotel News
  • Catering News
  • Pub & Bar News
  • Chef News
  • Supplier News

Hospitality & Catering News

hospitality and catering news

ETM Group report significant revenue and profit growth

November 26, 2018

ETM Group, the independent London pub, bar and restaurant group operates fourteen venues, including The Botanist in Sloane Square, The Jugged Hare on Chiswell Street and latest opening Maple in White City.

ETM have announced a strong year of growth for the year ending 29 February 2018 and Ed Martin, CEO of ETM reflecting on the numbers comments: “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 landlord’s 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.”

Highlights

  • Group turnover increased to £27m, up 34.7%, driven by positive like for like growth, an increase in events and pre-booked sales and continued site expansion.
  • Group EBITDA £2.7m, up 202.6% (2017: £0.9m) – underpinned by sales growth, gross margin improvements and a focus on direct costs.
  • 2018 saw the opening of two new City of London sites – Long Arm Pub & Brewery and Broadleaf, both trading successfully.
  • The business secured a £10m funding package with HSBC to secure its growth plans.

Recent Developments

  • Maple at Westfield London opened in the summer and further sites have been secured for 2019 including Redwood, ETM’s fourth sports-led venue at London Bridge. There is a strong pipeline of additional sites in place with ETM committed to expand significantly over the next five years.
  • The Group’s sports-led venues, Greenwood, Broadleaf and Long Arm, were supported with strong marketing and digital campaigns, experiencing significant sales uplift over major sporting events such as the Six Nations, World Cup, Super Bowl and Ryder Cup. Greenwood, in particular, has established itself as the leading premium sports venue in London.
  • A major refurbishment of The Botanist Sloane Square was undertaken to mark its 10th anniversary celebrations.
  • ETM’s performance was acknowledged at the industry’s Retailer’s Retailer Awards with the group picking up the Evolution Award for demonstrating the business can evolve, reposition concepts, embrace technology and develop in new markets.
Related Article:  easyHotel’s year-end trading update shows progress, growth and an eye on Europe

Email Newsletter

Subscribe to our email newsletters and keep informed with H&C News

Rick Stein Group highly recommend Bank Brokers

Rick Stein Group highly recommend Bank Brokers

Email Newsletter

Subscribe to our email newsletters and keep informed with H&C News

  • Facebook
  • Linkedin
  • Twitter

Video Features

Industry People

Industry People

Fred Siriex, general manager of Galvin at Windows in the London Hilton Park Lane

Wendy Bartlett, executive chairman of Bartlett Mitchell

Gary Usher, chef and restaurateur

Danilo Cortellini’s Recipes

Danilo Cortellini’s Recipes

‘3 cereali’ salad with peas, broad beans, chickpeas and pecorino cheese

Supplier News

Casual Dining’s drinks menu set to refresh the nation

Casual Dining’s drinks menu set to refresh the nation

Eight College Teams Reach the Country Range Student Chef Final at ScotHot

Eight College Teams Reach the Country Range Student Chef Final at ScotHot

Chance tasting so good it leads Marco Pierre White to set up a partner brand salami business

Chance tasting so good it leads Marco Pierre White to set up a partner brand salami business

New service packages for Rational units

New service packages for Rational units

UKHospitality CEO, Kate Nicholls confirms taking part in the ceda Conference 2019

UKHospitality CEO, Kate Nicholls confirms taking part in the ceda Conference 2019

Bath pub opens with pizza just the way pizza masters of Napoli intended

Bath pub opens with pizza just the way pizza masters of Napoli intended

The challenging implications of a no-deal Brexit for Hospitality

The challenging implications of a no-deal Brexit for Hospitality

Airlines and hotels lose £1000s in ‘Surcharge Squander’

Airlines and hotels lose £1000s in ‘Surcharge Squander’

Craft Guild of Chefs to cook up a culinary treat at ceda Conference

Craft Guild of Chefs to cook up a culinary treat at ceda Conference

Rational helps Balmoral Hotel keep its landmark status

Rational helps Balmoral Hotel keep its landmark status

News Categories

  • Latest News
  • Restaurant News
  • Hotel News
  • Catering News
  • Pub & Bar News
  • Chef News
  • Supplier News
Home | Privacy | Sitemap

Copyright © · Hospitality & Catering News