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D&D operator reports pre-tax losses up in full year results as revenues hold firm

03 January 2019 by
D&D operator reports pre-tax losses up in full year results as revenues hold firm

D&D London operators Panther Partners has reported stable revenues in its full-year results as EBITDA slips in a year of growth for the firm.

Revenues rose like for like by 1% to £130.9m for the financial year ending on 31 March 2018, while EBITDA slipped to £11.6m from £13.1m.

Meanwhile pre-tax losses increased, rising from £4.1m in 2017 to £5.7m. In the statement the company said it had "continued to grow during the financial year despite a challenging macroeconomic environment".

It comes as the brand looks to grow abroad and in the UK, with a New York outlet of Bluebird already launched and a second New York site on the way for Spring 2019. This will be accompanied by a new London site - a rooftop restaurant at 120 Fenchurch Street - also due to launch in the Spring.

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