Business
FY 2022 Results
FY 2022 Results.
About this update from Comptoir Group Plc
[{"type":"text","content":"\n\n10 May 2023\nComptoir Group Plc\n(\"Comptoir\", the \"Group\" or the \"Company\")\nFY 2022 Results - Building the Foundations for Growth and Recovery\nHighlights:\n· Group revenue increased 49.7% to £31.0m (2021 restated: £20.7m).\n· Gross profit up 44.3% to £24.4m (2021 restated: £16.9m).\n· Adjusted EBITDA* before highlighted items of £6.3m (2021: £6.4m).\n· Cash and cash equivalents balance at the period end of £9.9m and a net cash position of £7.7m (2021: £7.1m).\n· Basic EPS of 0.48 pence (2021: 1.34 pence).\n· Highly experienced Chair, CEO and non-Executive Director appointed to significantly strengthen the senior leadership team and accelerate the Company's growth trajectory.\n· Two new franchise restaurants opened in Stansted and Qatar airports.\n \nDr Beatrice Lafon, Non-Executive Chair, said: \n\"In my first year as Chair, I am delighted to be reporting that Comptoir has performed well against the well documented headwinds affecting the industry. \n \n\"This was a pivotal year for the Group as it recovered from the challenges presented by the pandemic and was required to address unprecedented inflationary pressures on food and energy prices. Sales increased by almost 50% and underlying profit was maintained as we returned to a normalised trading position compared to the previous two years. Our 'Back-to-Basics' programme was launched in September, improving staff retention by 10% and doubling our guest satisfaction scores. We also delivered a new menu attracting value-conscious customers. We opened two new franchise restaurants in Stansted and Qatar airports over the course of the year.\n \n\"We were delighted to appoint Nick Ayerst as CEO in October. Nick brings a wealth of experience from his previous roles at LEON and The Restaurant Group. The Board and executive management are focused on reinvesting in the business and its people, building strong foundations for growth.\n \n\"I would like to thank our teams for their commitment as we evolve the way we serve our guests, as well as our suppliers, partners, and shareholders for their ongoing support. Together, we will continue to...