Business
Full Year Results
Full Year Results.
About this update from Cake Box Holdings Plc
[{"type":"text","content":"\n \n \n \n Cake Box Holdings plc\n \n \n \n \n (\"Cake Box\", \"the Company\" or \"the Group\")\n \n \n \n \n Audited Full Year Results for the 12 months ended 31 March 2022\n \n \n \n \n Strong results and robust current trading, confident of further progress\n \n \n \n Cake Box Holdings plc, the specialist retailer of fresh cream cakes, today announces its audited full year results for the twelve months ended 31 March 2022.\n \n \n \n Financial Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Full year\n \n \n \n \n \n \n Full year\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n ended\n \n \n \n \n \n \n ended\n \n \n \n \n \n \n \n \n 31-Mar-22\n \n \n \n \n \n \n 31-Mar-21\n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £33.0m\n \n \n \n \n £21.9m\n \n \n \n \n \n +50.7%\n \n \n \n \n \n \n \n \n Gross profit\n \n \n \n \n \n £15.8m\n \n \n \n \n £10.9m\n \n \n \n \n \n +45.0%\n \n \n \n \n \n \n \n \n EBITDA*\n \n \n \n \n \n £8.8m\n \n \n \n \n £4.9m\n \n \n \n \n \n +79.6%\n \n \n \n \n \n \n \n \n Pre-tax profit\n \n \n \n \n \n £7.7m\n \n \n \n \n £4.2m\n \n \n \n \n \n +83.3%\n \n \n \n \n \n \n \n \n Adjusted Pre-tax profit**\n \n \n \n \n \n £7.0m\n \n \n \n \n £4.7m\n \n \n \n \n \n +48.9%\n \n \n \n \n \n \n \n \n Cash at Bank\n \n \n \n \n \n £6.6m\n \n \n \n \n £5.1m\n \n \n \n \n \n +29.4%\n \n \n \n \n \n \n \n \n Earnings per share\n \n \n \n \n \n 15.8p\n \n \n \n \n 8.4p\n \n \n \n \n \n +88.1%\n \n \n \n \n \n \n \n \n Adjusted Earnings per share**\n \n \n \n \n \n 13.8p\n \n \n \n \n 9.6p\n \n \n \n \n \n +43.8%\n \n \n \n \n \n \n \n \n Final dividend recommended\n \n \n \n \n \n 5.1p\n \n \n \n \n 3.7p\n \n \n \n \n \n +37.8%\n \n \n \n \n \n \n \n \n \n \n \n \n ·\n Group revenue up 50.7% to £33.0m (2021: £21.9m).\n \n \n ·\n Gross margin reduced to 47.9% (2021: 49.8%), due to exceptional increase in new store openings.\n \n \n ·\n Cash from operations of £5.3m (2021: £4.3m).\n \n \n ·\n Strong balance sheet with £6.6m cash at period end (2021: £5.1m).\n \n \n ·\n Dividend per share for the full year: 5.1 pence per share recommended (Interim dividend of 2.5 pence per share).\n \n \n Operational highlights\n \n \n ·\n 41% growth in online sales\n \n \n ·\n Exceptional number of new franchise store openings, with 31 opened in the year (2021: 24).\n \n \n ·\n 18...