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Patisserie Holdings revenue up by 13.3%
29/11/2016 - 08:44
Patisserie Holdings PLC, the UK branded café and casual dining group, has today posted its tenth consecutive year of revenue and profit growth in its preliminary results for the 12 months ended September 30th 2016.
Written by Admin
Revenue is up 13.3% to £104.1 million, up from £91.9 million in 2015. Online sales are up 23% to £3.8 million, up from £3.1 million in 2015. EBITDA is at £22.2 million, up 18.1%.
Luke Johnson, executive chairman, said: “We have achieved growth in revenues and profits despite uncertain economic conditions and for the first time we have exceeded revenues of £100m: a significant achievement.
“Our rollout programme continues to deliver successful store openings and I am particularly pleased with the performance of our first store in Northern Ireland. Our strategy remains that of organic growth; however we are well positioned to make acquisitions should any suitable opportunities arise.
“Performance for the first eight weeks of the year has been encouraging and we have already opened six new stores. We have a strong pipeline for the year ahead with a number of promising locations already secured.”
Patisserie Holdings has opened 21 new stores in the year, including flagship locations in Belfast, Birmingham Resorts World and on London’s Oxford Street. The company’s first store opened in Northern Ireland which has an attached bakery with capacity to support a further 10 stores.