Comptoir Group revenue soars 67% in FY21
As trading returned over the year, gross profit was up by £7.1m to £16.9m up by £7.1m, up from £9/8m the prior year when trading was hampered by going lockdowns
The Comptoir Group has seen group revenues rocket 66.9% to £20.7m in the year ended 31 December 2021, up from the £12.4m reported in 2020.
As trading returned over the year, gross profit was up by £7.1m to £16.9m up by £7.1m, up from £9/8m the prior year when trading was hampered by going lockdowns.
In addition, adjusted EBITDA rose by 357.1% to £6.4m, while IFRS profit after tax was £1.6m, up from a loss of £8.1m.
The group, which owns Comptoir Libanais, currently owns and operates 21 restaurants, with a further four franchise restaurants.
Richard Kleiner, chairman, said: “I’m pleased to report on the group’s annual results for the 52-week period ended 2 January 2022. We are currently trading from 21 managed restaurants and 4 Franchise sites.
“The last two years of the Covid-19 pandemic have brought considerable challenges that we have had to deal with, and adapt to, as the circumstances demanded. As these results demonstrate we have emerged from this period in an extremely strong position both financially and operationally and can look forward to an exciting period of growth.”
He added: “Since reopening fully in the summer, once eat-in trade was permitted again, the results were highly encouraging and although impacted by the December restrictions, as the Omicron variant took hold, trading remained robust. We are looking forward to continued trading conditions with no government restrictions as customers continue to come back to the hospitality offering we are so well known for.
“Of course, 2022 holds its own challenges with the end of government support in respect of cessation of the reduced VAT rate and the normalisation of business rates charges, as well as the continued pressure on the labour and procurement markets. However, the management team have seen many periods of uncertainty before and there is no doubt we will once again navigate these challenges and continue to guide the group towards our exciting growth strategy. Therefore, we look forward to the future with much optimism.”
