Patisserie Valerie reports revenues up 14.4%
The company announced strong performance with double digit revenue and basic earnings per share growth in its its interim results for the six months ended 31 March 2016.
According to the report, group revenue for the brand reached £50.0 million, an increase of 14.4% compared to last year. Gross profit was recorded at £39.2 million, up by 16.1%.
EBITDA was at £10.6 million, rising by 21.3%, while there was significant growth in pre-tax profit to £8.4 million, an increase of 20.6%.
Luke Johnson, Executive Chairman, said “I am delighted to announce an excellent set of results for the six months to March 2016. The Group has continued to deliver strong growth in sales and profit in what is a competitive trading environment."
"We opened 12 new stores in the period all of which are performing well. Our pipeline for new stores is well developed and I look forward to another period of strong growth in the second half of the year”.
