Mitchells & Butlers (GB:MAB) has released an update.
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Mitchells & Butlers reported a robust 41.2% increase in operating profit to £312 million, driven by a 6.1% rise in total sales for FY 2024. The company successfully reduced its net debt by £197 million and achieved a stronger operating margin of 12.0%, reflecting effective cost management and strong market performance. Despite future cost challenges, Mitchells & Butlers remains optimistic about continued profit growth through strategic initiatives and strong brand portfolio performance.
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