30 January 2024
Comptoir Group Plc
("Comptoir", the "Group" or the "Company")
Pre-close trading
update
Comptoir Group Plc (AIM: COM), the
owner and/or operator of Lebanese, Middle Eastern and North African
inspired restaurants is pleased to announce that trading for the
52-week period ending 31 December 2023 was in line with management
expectations and, subject to audit, the Company expects to report a
revenue performance of approximately £31.5m (2022:
£31.0m).
During the year the Company opened a
new Comptoir Libanais restaurant in Ealing which is performing
ahead of expectations and closed a location in Leeds Trinity
Centre. The Company has also identified further sites for
development, including London's South Bank, which is due to open in
April 2024. The Company ended the year with 21 managed restaurants
and 6 franchise restaurants.
The Company retains a strong balance
sheet, with net cash at 31 December 2023 of £5.4m (H2 2022: £5.7m)
and the Board looks to the year ahead with confidence as the
Company continues to expand and grow the Comptoir Group brands by
sharing its passion for Middle Eastern cuisine.
Enquiries:
|
Comptoir Group plc
Beatrice Lafon, Non-Executive
Chair
Nick Ayerst, CEO
Mayuri Vachhani, Interim
FD
|
via Camarco
|
|
Cavendish Capital Markets Limited (Nominated Adviser and
Broker)
Simon Hicks
|
020 7220 0500
|
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Camarco (Media Contact)
Jennifer Renwick
Letaba Rimell
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comptoir@camarco.co.uk
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About Comptoir Group
Comptoir Group PLC owns and operates
27 Lebanese restaurants, six of which are franchised, based
predominately in the UK. The flagship brand of the group, Comptoir
Libanais, is a collection of 22 restaurants located across London,
nationwide and international Travel Hubs, including cities such as
Manchester, Bath, Birmingham, Oxford and Dubai.
The name Comptoir Libanais means
Lebanese Counter and is a place where guests can eat casually and
enjoy Middle Eastern and North African food, served with warm and
friendly hospitality and a bright vibrant environment.
The Group also operates Shawa,
serving traditional shawarma through a counter service model in
Westfield and Bluewater shopping centres, Yalla-Yalla with branches
near Oxford Circus and in Soho, and entertainment venue Kenza,
located in Devonshire Square, London.
The group has expanded
internationally with its franchise partners HMSHOST, with
restaurants in the Netherlands, Qatar and Dubai.
