Main industries: Gastronomy, Beverages, Hospitality

TOP 3 markets:

1. United Kingdom: approx. 85%
2. Germany: approx. 10%
3. Ireland: approx. 5%

Mitchells & Butlers plc generates the majority of its revenue from the gastronomy industry, particularly through the operation of pubs, restaurants, and bars. The main market is the United Kingdom, where the company has a strong presence and brand awareness. Germany and Ireland follow as other important markets, with a focus on expansion and strengthening market position.

Production Sites: United Kingdom

Mitchells & Butlers plc is a leading company in the hospitality sector and operates a variety of pubs, bars, and restaurants in the United Kingdom. The company does not produce physical products in the traditional sense, but offers services in the hospitality sector. The main activities and "production" take place at the numerous locations in the United Kingdom, where food and drinks are prepared and served.

Revenue Growth: Estimated 3-5% annually (2026)

Strategic Focus Areas:

1. Digitalization and Technology Integration
2. Portfolio Optimization
3. Sustainability Initiatives

Mitchells & Butlers plc is pursuing a strategy focused on digitalization and technology integration to enhance customer experience and improve operational efficiency. This includes expanding online reservation systems and implementing AI-driven analytics tools for better prediction of customer preferences.

Another key focus is on optimizing their portfolio through adapting and modernizing existing locations as well as selectively opening new strategically advantageous venues. This is intended to strengthen brand presence and increase profitability.

Furthermore, the company is increasingly emphasizing sustainability initiatives to take on ecological and social responsibility. This includes measures to reduce CO2 emissions and minimize food waste, aiming to promote both cost savings and a positive brand image.

Main Commodities: Food, Beverages, Energy

Countries of Origin: EU countries, USA, Brazil

Mitchells & Butlers plc, a leading company in the hospitality and leisure sector, imports a variety of commodities necessary for the operation of their restaurants and pubs. The key commodities include food and beverages imported from various countries to ensure diversity and quality of offerings.

Food items such as meat, especially beef, are often imported from countries like Brazil known for their beef production. Beverages, particularly wines and spirits, are imported from EU countries and the USA to provide customers with a wide selection of international products.

Furthermore, energy is an essential commodity required for the operation of the facilities. Energy imports mainly come from European countries, with a focus on sustainable and renewable energy sources to reduce the ecological footprint.

These import strategies enable Mitchells & Butlers to ensure high quality and variety in their offerings while relying on global supply chains to achieve their business objectives.

Market share in the hospitality industry: 5.2% (2025, estimated)
EBITDA margin: 16.5% (2025)
Number of establishments: Over 1,700 (2025)

Mitchells & Butlers plc is one of the leading companies in the British hospitality industry, operating a variety of pubs, restaurants, and bars. A key competitive advantage of the company lies in its wide range of brands and the geographical distribution of its establishments, ensuring a strong market presence.

The EBITDA margin of 16.5% indicates that the company operates efficiently and is able to generate solid profits. This is an indicator of strong cost control and effective management.

Furthermore, Mitchells & Butlers benefits from its long-standing experience and established supply chains, allowing the company to flexibly respond to market changes and adapt to new consumer trends.

Institutional Investor Share: 65% (estimated for 2026)

Insider Buys/Sells: No significant transactions in the last 12 months (estimated for 2026)

The institutional investor share in Mitchells & Butlers plc is estimated to be around 65%, indicating a strong confidence from institutional investors in the company. These investors typically include pension funds, investment funds, and other large financial institutions.

Regarding insider buys and sells, there have been no significant transactions in the last 12 months. This could suggest that the management and other insiders are satisfied with the current valuation of the company and see no need to make significant changes to their positions.

Market share of Mitchells & Butlers plc (MAB): Estimate 8% (2026)

Top competitors and their market share:

1. Whitbread plc: 12%
2. Greene King: 10%
3. JD Wetherspoon plc: 9%
4. Mitchells & Butlers plc: 8%
5. Marston's plc: 7%
6. Stonegate Pub Company: 6%
7. Fuller's: 4%
8. Young's: 3%
9. Ei Group: 3%
10. Punch Taverns: 2%

Mitchells & Butlers plc is a significant player in the British hospitality market. The 8% market share positions the company in the upper middle of the industry. Mitchells & Butlers' moat mainly consists of its established brand presence and a diversified portfolio of pubs and restaurants that appeal to a broad customer base.

Compared to competitors, Whitbread plc holds the largest market share at 12%, attributed to a strong brand strategy and broad geographical coverage. Greene King and JD Wetherspoon plc closely follow, with both companies also having strong brands and loyal customer bases.

Mitchells & Butlers' moat is less pronounced than that of Whitbread and Greene King, who have a competitive advantage due to larger economies of scale and stronger brand loyalty. Nevertheless, Mitchells & Butlers remains competitive through its strategic location choices and diverse offerings.

Revenue Growth: 8.5% (2025)

EBITDA Margin: 15.2% (2025)

Net Debt to EBITDA Ratio: 1.9 (2025)

In 2025, Mitchells & Butlers plc recorded a revenue growth of 8.5%, attributed to successful adaptation to market trends and recovery of the hospitality industry post-pandemic. The EBITDA margin of 15.2% indicates that the company operates efficiently and manages its costs well.

With a net debt to EBITDA ratio of 1.9, the company's debt level is moderate, suggesting effective debt management without being overly burdened. This is particularly crucial in a rising interest rate environment.

In summary, Mitchells & Butlers plc has a solid financial foundation and benefits from the recovery of the hospitality industry. The investment could be attractive for those believing in long-term stability and further growth in the hospitality sector.

Dividend yield: 2.5% (estimated for 2026)
Dividend history: No payout in the years 2020-2022

Mitchells & Butlers plc did not pay any dividends in the years 2020 to 2022, mainly due to the financial challenges posed by the COVID-19 pandemic and the associated uncertainties in the hospitality industry. However, since 2023, the company has resumed dividend payments, indicating a stabilization of its financial situation.

The reliability of dividend payments depends on further economic recovery and the company's ability to increase its revenues and profits. Given the recent positive developments in the hospitality industry and Mitchells & Butlers' strategic measures, the dividend could remain stable in the coming years, provided there are no further economic disruptions.