The Caterer

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

26 November 2014 by
Patisserie Valerie plans 20 more sites after reporting revenue of £76.6m

In its first results as a public company Patisserie Holdings, which operates high street café chain Patisserie Valerie, has reported revenue up 27.5% to £76.6m in the year to 30 September 2014.

The café and casual dining group now operates 148 stores, with 19 new stores opened in the period including its first motorway service station and retail park sites. It said that 20 new stores were targeted for 2015.

Of its five brands, Patisserie Valerie's 98 sites contributed £51m, a 20% increase on 2013. Revenue for the 12 months from Druckers, which has 22 sites, and Baker & Spice (four sites), stood at £16.5m.

Executive chairman Luke Johnson said: " The management team has delivered the eighth consecutive year of organic growth, acquired the Philpotts business and in May successfully listed the company on AIM. Each of our five differentiated brands continues to grow and, with the group's strong cash generation funding our future organic growth, we are looking forward to another exciting year in 2015."

Chief executive Paul May added: "With five differentiated brands we are well placed across the fragmented UK coffee shop and casual dining markets, where we believe there is significant potential for growth."

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