The Caterer

Patisserie Valerie sees profit and revenue rise 22%

20 May 2015 by
Patisserie Valerie sees profit and revenue rise 22%

Patisserie Holdings, parent group of Patisserie Valerie and sandwich chain Druckers, has grown both revenue and profit by more than 22% in a strong set of interim results.

The group, which floated as a public company last year, reported revenue of £43.7m and EDITDA of £8.7m for the six months to 31 March 2015.

It opened 10 new stores in the period, taking its estate to 56. Like-for-like revenue from its 106 Patisserie Valerie stores was up 4.6m to £28.9m.

In recognition of its growth in online sales, the group has invested in a new website, which features 360 tours of the cafes and a ‘create a cake' feature.

Executive chairman Luke Johnson said: "We have delivered another strong set of results in the first half of 2015. Sales across all of the different formats in the group continue to perform well and our brand awareness continues to grow.

"We have opened 10 new stores since the beginning of the year and trialled several new product launches, such as afternoon tea, all with pleasing results. The group is well placed for a successful second half of the year and beyond."

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

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