Patisserie Holdings (AIM: CAKE) – fantastic first year on AIM
Patisserie Holdings, the company with the best ticker on AIM ‘CAKE’ has today announced its interim results for the 6 months ended 31st March 2015.
The Group delivered an increase in revenue of £7.9m to £43.7m (2014: £35.7m). EBITDA was £8.7m, an increase of 23.1% (2014: £7.1m) and pre-tax profit was £7.0m, an increase of 45.0% on the previous year (2014: £4.8m). This increase in revenue was largely driven by the Group’s leading brand, Patisserie Valerie (106 stores), whose revenue for the period was up 18.8% to £28.9m. The brand has been continually expanded upon in the period with the launch of several new seasonal products, including a winter menu and afternoon tea, which have all helped drive increases in revenues. Revenue from other brands…