Tragus profits up despite like-for-like sales fall

28 October 2010 by
Tragus profits up despite like-for-like sales fall

Restaurant group Tragus, the firm behind the Café Rouge]( and [Strada]( brands, expects to open around 20 new restaurants in 2011.

The announcement came as the company unveiled a 2.6% rise in underlying earnings before tax, interest, depreciation and amortisation (EBITDA) to £45.3m for the year to 30 May 2010. Turnover was also up by 5.9% to £277.4m but like-for-like sales were down 1.6%.

Tragus, which opened 15 restaurants in 2010, said it saw more potential for growth in its [Bella Italia](, Café Rouge and Strada brands.

It currently operates over 287 sites across the country, including 116 Café Rouges, 71 Stradas and 83 Bella Italias. It also operates 17 brasseries under the Huxleys, Belgo, Abbay, Amalfi, Potters and Ortega brands.

Tragus chief exeuctive Graham Turner commented: "This is a resilient performance from Tragus against a challenging year for the sector. The overall consumer environment remains unsettled, however Tragus's strong portfolio of brands and our robust financial position means we are well placed going forward."

Tragus tables bid for Paramount >>

Tragus to continue with expansion plans >> 100: Graham Turner >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

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 jobs

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

[Blogs on]( Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail 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

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.


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