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

Patisserie Holdings reports 9.7% rise in revenue despite "challenging environment"

29 November 2017 by
Patisserie Holdings reports 9.7% rise in revenue despite "challenging environment"

For the 12 months ended 30 September 2017 earnings before interest, taxes, depreciation, and amortisation (EBITDA) was up 15.7% to £25.6m, and pre-tax profit rose 17.1% from £17.2m to £20.2m during the period.

This is credited to an increase in online sales (26%) and Patisserie Holdings' "flexible" business model which has enabled them to "mitigate inflationary cost pressures".

This year Patisserie Holdings opened 20 stores as part of its plan to expand outside of England. It saw the launch of two stores in Republic of Ireland, a second site in Northern Ireland and two new venues in Scotland.

It also secured a supply-only agreement with Sainsbury's and at the period end it was trading from 18 Sainsbury's counters.

Luke Johnson, executive chairman, said: "We have delivered another year of excellent financial results, achieving our targets in a challenging environment. We opened 20 new stores many of which are performing ahead of expectations, and the performance of our new bakeries in the Republic of Ireland is encouraging. With a highly cash generative group, strong brands and a focused management team I remain confident of another year of growth and achievement."

Patisserie Holdings operates 199 stores in the UK. It currently trades under five brands: Patisserie Valerie, Druckers Vienna Patisserie, Philpotts, Baker & Spice and Flour Power City.

It has 20 new store openings targeted for 2018 with four opened since the financial year end.

New markets boost Patisserie Holdings' revenue and profit >>

Strong set of interim results announced by Patisserie Holdings >>

Patisserie Valerie plans 20 more sites after reporting revenue of £76.6m >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Check mark icon
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.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking