REG - Comptoir Group PLC - Pre-close trading update

ComptoirAnnouncement

30/01/2024 07:00

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RNS Number : 2818B  Comptoir Group PLC  30 January 2024

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                                                via Camarco

 Beatrice Lafon, Non-Executive Chair

 Nick Ayerst, CEO

 Mayuri Vachhani, Interim FD

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  020 7220 0500

 Simon Hicks

 Camarco (Media Contact)                                           comptoir@camarco.co.uk

 Jennifer Renwick

 Letaba Rimell

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.

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