Search
The Caterer

Gondola sales up 4.2% but reports a loss

16 November 2011 by
Gondola sales up 4.2% but reports a loss

Restaurant group Gondola has reported an increase in sales of 4.2% to £556.2m for the year to 26 June 2011.

The company, which owns the PizzaExpress, Zizzi, Ask, Byron and Kettners brands, also saw its earnings before interest, depreciation and amortisation (EBITDA) rise by 1.9% to £114.5m.

But it reported a loss for the financial period of £41.2m after financing costs.

The firm, which is backed by private equity house Cinven, opened 42 new restaurants over the period and operates in 10 countries including the UK.

It said pressure on consumer spending would continue to present a challenge but it was optimistic about the growth prospects for its brands.

Byron stops serving rare burgers after local authority intervention >>

Gondola Group buys Soho Pizzeria >>

Caterer and Hotelkeeper 100: Harvey Smyth, Gondola Holdings >>

Byron to open 14th site >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.