Brakes reports increasing equipment and supplies sales

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Brakes Catering Equipment contributed to good equipment and supplies sales for the overall Brakes group.

Major foodservice group Brake Bros has reported that equipment and supplies sales under its auspices have actually increased in the 12 months to 28 June 2020.

While numbers from its catering equipment distributor arm, Brakes Catering Equipment, are included in the overall figure, it also encompasses turnover from a number of parent firm Sysco’s European operating companies, under the historic UK-registered entity ‘Brake Bros Limited’.

The latest report details that overall equipment and supplies sales reached £101.2m in the reporting period, which is nearly 3% up on the previous financial year’s £98.4m.

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Overall however, Brake Bros group turnover was £3.5bn in the 2020 financial year, down 18% on 2019’s £4.3bn. While operating losses worsened by a steep 1,018% from £20.1m to £224.8m.

Brakes UK CEO Hugo Mahoney analysed: “Conditions remained challenging throughout financial year 2020, with much of the industry shut for periods of the year.

“However, we were able to continue investment across the business in our operational capabilities, our service proposition and our award-winning food, including the most extensive own-brand range in the foodservice industry. This has helped to secure our business through the pandemic and stand us in good stead to prepare for and weather the surge as the market reopens – and to benefit once market conditions stabilise and recover.”

He continued: “Brakes UK has performed well, showing strong progress, with notable achievements including a long-term agreement with Aramark, the largest foodservice contract to change hands in recent years; multi-year contract extensions with several of our large corporate customers; and the strongest new business growth we’ve ever achieved in the independent market.

“Looking forward, we’re continuing to make specific investments in our service provision, particularly focusing on operational efficiency, e-commerce, sales and service support, as well as significantly upgrading our vehicle fleet, which is helping to ensure that we remain the UK’s leading foodservice wholesaler.”

Tags : brakesBrakes Catering Equipmentbusinessfinancesfinancial resultsfinancials
Clare Nicholls

The author Clare Nicholls

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