Patisserie Holdings ebitda up 21.3%

first_imgPatisserie Holdings, owner of high street bakery Patisserie Valerie, saw ebitda increase 21.3% to £10.6m, and revenue grow 14% to £50m, up from £43.7m in the first half of the last financial year.Patisserie Holdings, the café and casual dining group which owns Patisserie Valerie and Baker & Spice, has reported growth in profit in the first half of its financial year. Revenue at Patisserie Valerie increased to £35m in the six months to 31 March, up from £28.9m in the same period last year. Revenue increased to £9.1m from £8.7m at retail brands Druckers and Baker & Spice, and rose to £1.8m from £1.6m at wholesale bakery Flour Power City.At Patisserie Holdings, pre-tax profit in the six months to 31 March rose by 20% to £8.4m, up from £7m in the first half of the previous year. Ebitda increased 21.3% to £10.6m, and revenue grew 14% to £50m, up from £43.7m in the first half of the last financial year.Revenue rose for most of Patisserie Holdings’ brands, and it said in the update it was confident on the outlook for the second half of the year. The company said it achieved growth in most areas of its business.Revenue at sandwich retailer Philpotts declined, however, to £4.9m from £5m due to the earlier timing of Easter and a focus on higher-margin corporate sales, Patisserie Holdings said.Interim dividendPatisserie Holdings will pay an interim dividend of 1.00 pence, its first interim dividend since listing in London in May 2014. The company paid a 1.67p final dividend in financial 2015. Shares in Patisserie Holdings have jumped 4.4% this morning as a result.Luke Johnson, executive chairman of Patisserie Holdings, said: “The group has continued to deliver strong growth in sales and profit in what is a competitive trading environment.“We opened 12 new stores in the period, all of which are performing well. Our pipeline for new stores is well developed, and I look forward to another period of strong growth in the second half of the year.”last_img read more

Mohamed Salah Admits Liverpool Lost Focus Before Snatching Salzburg Thriller in Champions League

first_img Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. Liverpool: Mohamed Salah admitted Liverpool got complacent as the Champions League holders let Salzburg recover from three goals down before the Egypt star finally sealed a dramatic 4-3 win on Wednesday.Jurgen Klopp’s side were 3-0 up by the 36th minute at Anfield thanks to goals from Sadio Mane, Andrew Robertson and Salah. But the Premier League leaders took their foot off the gas and allowed Salzburg to draw level in the second half.Salah restored order as his 69th minute goal secured Liverpool’s first win in their second match of the Group E campaign.It was a tougher night than Liverpool expected and Salah conceded the Reds weren’t focused enough after their early goal-blitz.”When we were winning three, we needed to score a fourth, fifth and sixth. It’s a little bit bad because the human mind says ‘OK we are going to win this’,” Salah told BT Sport.”They made it a game for us but we are happy to get the three points. That’s the most important thing.”I think they can be a very dangerous team. We have to just now think about each game. That is the most important thing.”Salah was delighted to see Scotland left-back Robertson get a rare goal.It was only Robertson’s second goal for the club since arriving from Hull in 2017.”Finally he scored! We are happy for him. He doesn’t score a lot,” Salah said.”He’s given everything for the game. He’s given everything for the team. So we’re very happy for him.”While Liverpool took the points, Salzburg’s battling effort made it a memorable 100th European Cup match at Anfield.Salzburg’s teenage striker Erling Braut Haaland scored their equaliser to maintain his fine form after netting a hat-trick in the group opener against Genk.His father Alf-Inge Haaland also scored at Anfield during his playing career with Leeds and Erling said: “Now I have the same number of goals here. He’s always telling me ‘I scored at Anfield, I scored at Anfield!'”Now I can say it back to him: ‘So have I!'” footballliverpoolmohamed salahRed Bull Salzburg First Published: October 3, 2019, 6:59 PM ISTlast_img read more