Source - SMW
Revolution Bars has recorded a FY adjusted EBITDA of £15.6m, from £14.6m. Revenue was £119.5m, from £111.8m. Its final dividend was 3.3p a share.

CEO Mark McQuater said:

"We are delighted to have delivered excellent growth in revenue, margin and profit in our first full year as a listed company. As a result adjusted Earnings per share were 14.1% higher.  

"We have achieved this through continually improving the performance of our existing estate and through successfully opening five new bar restaurants.

"The Group is benefitting from its growth in scale and the establishment of its second brand Revolucion de Cuba brand which expanded from five to nine branches. 

"We also opened a Revolution in the year.  The new sites are performing well.

"Reflecting our confidence in our strong operating model and overall debt free balance sheet we will open another 5 bars in our current year building on the success in 2015. 

"Three new Revolucion de Cuba bars in Harrogate, Reading and Aberdeen are expected to open before Christmas 2016.

"This financial year has begun well with recent trading robust with like for like sales of 1.8% in the first 12 weeks of the current financial year."

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+4.50p (+2.56%)
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