Fulham Shore PLC – Final Results

Fulham Shore PLC – Final Results

The Directors of Fulham Shore are pleased to announce the Company’s audited results for the year ended 31 March 2019.

 

Highlights – Year ended 31 March 2019

 

•           Revenue growth of 17% to £64.0m (2018: £54.7m) driven primarily by good trading in the Company’s existing restaurant estate

•           Headline EBITDA* of £7.8m (2018: £7.4m)

•           EBITDA* of £7.1m (2018: £5.5m)

•           Headline Operating Profit of £3.5m (2018: £3.7m)

•           Impairment charge on property, plant and equipment of £0.2m (2018: £0.9m)

•           Operating Profit of £1.8m (2018: £0.1m)

•           Profit before tax of £1.4m (2018: loss of £0.1m)

•           Profit after tax of £0.7m (2018: loss of £0.2m)

•           Reduced net debt as at 31 March 2019 of £9.4m (2018: £12.0m)

•           4 new Franco Manca pizzeria were opened and 1 closed during the year ended 31 March 2019 in the UK (2018: 9 Franco Manca pizzeria and 4 The Real Greek)

•           Since the year end:

3 further Franco Manca pizzeria opened in Greenwich, Birmingham and Exeter

2 further Franco Manca pizzeria being built in Leeds and Edinburgh

 

The above numbers are for continuing operations.

 

* as defined in the Financial Review

 

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