Revolution Bars achieves 2.9% increase in sales to £111.8m

In a trading update, ahead of the publication of its full year results on 29 September, the company said that its total sales had risen by 2.9% to £111.8m.

The company, which operates bars under the Revolution and RevoluciÁ³n de Cuba brands, was floated on the London Stock Exchange in March, with an initial public offering (IPO) valuing the business at £100m.

Mark McQuater, chief executive of Revolution, said: "Since we published our IPO prospectus earlier this year, I am pleased to confirm that our trading performance has continued to be strong and in line with our expectations. Like-for-like sales remain positive in both our drinks and food business and across both brands.

"We continue to make significant progress in developing our new site pipeline and we look forward to some exciting new bar openings before Christmas, details of which we will confirm in September. We will also be updating the market both on existing bar estate performance and our development plans at that time."

Flotation values Revolution Bars at £100m >>

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