Business
Full Year Results
Full Year Results.
About this update from Comptoir Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3983B\n Comptoir Group PLC\n 10 June 2021\n \n \n \n \n 10 June 2021\n \n \n Comptoir Group Plc\n \n \n (\"Comptoir\", the \"Group\" or the \"Company\")\n \n \n Annual Report for the Year Ended 31 December 2020\n \n \n \n \n \n Highlights: \n \n \n \n \n \n · \n Group revenue of £12.5m down by 62.6% (2019: £33.4m) \n \n \n · \n \n Gross profit of £9.3m down by £15.5m (2019: £24.9m). \n \n \n · \n \n Adjusted EBITDA* before highlighted items of £1.4m down by 73.5% (2019: £5.3m). \n \n \n · \n \n IFRS loss after tax of £8.1m (2019: £0.7m loss). \n \n \n · \n \n Net cash and cash equivalents at the period end of £7.8m (31 December 2019: £5.1m). \n \n \n · \n \n The basic loss per share for the year was 6.6pence (2019: basic loss per share 0.54 pence). \n \n \n · \n \n Currently own and operate 23 restaurants, with a further 4 franchise restaurants. \n \n \n Note that these results are impacted by COVID-19 related closures affecting all restaurants in the Group from 19th March 2020.\n \n \n \n \n \n *Adjusted EBITDA was calculated from the profit/(loss) before taxation adding back interest, depreciation, share-based payments and non-recurring costs (note 10,11). The Group has applied IFRS 16 Leases that result in the restatement of the previous financial statements (note 2). \n \n \n \n \n \n \n \n \n \n \n \n \n Richard Kleiner, Non-Executive Chairman, said: \n \n \n \"It has been an unprecedented year that has bought with it considerable challenges. However, the team has navigated these challenges incredibly well. All of our team members have worked tirelessly with incredible dedication and passion to ensure we emerge focused and ready to serve our customers once again. During the periods of closure, costs were minimised, suppliers and landlords actively engaged and more importantly, the relationship with our restaurant team and our customers remained as strong as ever. \n \n \n \n \n The Comptoir brand has cemented its strength during the pandemic with its excellent quality, healthy food served all served in the safest possible environment, whilst retaining the genuine feel of family and friendly hospitality that is the very heart and soul of our offering.\n \n \n \n \n \n \n \n I am encouraged by t...