Majestic Wine PLC Annual Report & Accounts

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Majestic Wine PLC Annual Report & Accounts 2012

Majestic Wine PLC Annual Report and Accounts 2012

Come & explore

Majestic aims to be the nation’s favourite wine specialist. We stock wines for every occasion. Our range is innovative, vibrant and diverse whilst representing the best quality and value. With some of the best trained people in the business, we share our enthusiasm and expertise to encourage our customers to explore the world of wine.

Highlights

Group profit before tax increased by 14.5% to £23.2m (2011: £20.3m). Total sales up 8.9% to £280.3m (2011: £257.3m). Like for like sales in UK retail stores up 2.6%. Final dividend of 11.8p net per share, bringing the total dividend for the year to 15.6p, an increase of 20.0% on last year (2011: 13.0p). Lay & Wheeler: Profit before interest and tax at £1.9m (2011: £0.7m). Majestic in France: Profit before interest and tax at £1.4m (2011: £1.0m).

Use your smart phone to scan the QR codes throughout this report and explore Majestic Wine. majestic.co.uk Welcome

Majestic Wine PLC Annual Report and Accounts 2012

2.6
Growth

%

Like for like sales in UK retail stores up 2.6%.

20.0
Dividend

%

Final dividend of 11.8p per share proposed, bringing the total for the year to 15.6p, an increase of 20.0% on last year.

568
Active customers

,000

An increase of 11.1% on last year.

Contents 02 06 14 18 20 25 26 27 28 29 30 31 60 Chairman’s Statement Review of Operations Financial Review Directors and Advisers Directors’ Report Audit Report Group Income Statement Group Statement of Comprehensive Income Group and Company Statement of Changes in Equity Group and Company Balance Sheets Group and Company Cash Flow Statements Notes to the Financial Statements Property

01

Majestic Wine PLC Annual Report and Accounts 2012

Total sales (£m)
2012 £280.3 2011 £257.3 2010 £233.2 2009 £201.8 2008 £197.0

Chairman’s Statement Phil Wrigley

I am able to report that Majestic has delivered another excellent set of results. Profit before tax for the 53 weeks ended 2 April 2012 grew 14.5% to £23.2m. Total Group sales were up 8.9% to £280.3m with like for like UK sales increasing 2.6%. This year the Group has made good progress towards its strategic objectives. We have increased the rate of new store openings, expanded the business to business sales team and recently launched a mobile internet platform. Dividend The Board is recommending a final dividend of 11.8p per share. This brings the total dividend to 15.6p per share, an increase of 20% on last year. People I continue to be impressed by the commitment and enthusiasm demonstrated by the people who work at Majestic. I would like to thank all of them for their efforts over the past year without which we would not have achieved these strong results. It is their shared culture and values that make Majestic the company it is. I am delighted that the readers of Decanter magazine acknowledged this by voting Majestic their “Best National Wine Merchant”. It is also pleasing that at the International Wine Challenge in 2011 we were awarded “High Street Chain of the Year”. Current trading We expect to make further good progress by continuing to invest in the development of internal talent, in the roll-out of the store portfolio and in customer facing technologies. Whilst we recognise that the trading environment is likely to continue to be difficult we are well placed to deal with the challenges and opportunities ahead. In the first ten weeks of the new financial year, from 3 April to 11 June 2012, we have achieved UK like for like sales growth of 0.6%.

This year the Group has made good progress towards its strategic objectives. We have increased the rate of new store openings, expanded the business to business sales team and recently launched a mobile internet platform.

14.5%
Profit before tax Profit before tax at £23.2m was 14.5% higher than last year.

Phil Wrigley Chairman 18 June 2012...
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