Tortilla reports turnover growth of £30.4 million for YE17
The chain’s growth is driven by the maturity of their existing estate and the opening of new stores in Kingston, Balston and Putney.
Tortilla has announced their financial results for year ending last December 31, 2017 with turnover increased 20% to £30.4 million from £25.3 million last 2016.
EBITDA also rose by 11% to £2.0 million as compared to £1.8 million last year. Gross profit went from 73.0% to 73.2%.
They reported post-tax loss of £993,902 which is lower than 2016’s £1,025,210. Their number of restaurants totalled to 35 as the year ended.
“The group’s ongoing growth is expected to be achieved by the continued maturity of recent openings and the addition of new restaurants. The group has a strong pipeline of sites in place for 2018,” the chain said in the report.
