Revolution Bars

Pre-close trading update

RNS Number : 1858S
Revolution Bars Group
06 July 2015
 

6 July 2015

 

Revolution Bars Group plc (LSE:  RBG)

 

Pre-close trading update

 

 

 

Revolution Bars Group plc ("the Group"), a leading UK operator of premium bars, trading under the Revolution and Revolución de Cuba brands, today provides a pre-close trading update in respect of the year to 30 June 2015 ("the Period"). 

 

Total sales for the Period increased by £3.1m (+2.9%) to £111.8m (2014: £108.7m). Like-for-like sales rose by +3.0%.  The Group's full year results, which are expected to be in line with the Board's expectations, will be announced on Tuesday 29 September 2015.

 

Mark McQuater, Chief Executive Officer, said:

"We are delighted to have joined the Premium Segment of the London Stock Exchange.  Since we published our IPO prospectus earlier this year, I am pleased to confirm that our trading performance has continued to be strong and in line with our expectations.  Like-for-like sales remain positive in both our drinks and food business and across both brands.

 

We continue to make significant progress in developing our new site pipeline and we look forward to some exciting new bar openings before Christmas, details of which we will confirm in September.  We will also be updating the market both on existing bar estate performance and our development plans at that time." 

 

 

* Like-for-like sales are defined as total retail sales from bars that have been trading continuously for at least twelve months. 

 

 

 

For further information:

 

Revolution Bars Group plc


Mark McQuater, CEO    

0161 330 3876



Instinctif Partners        


Justine Warren  / Matthew Smallwood

020 7457 2020  

 

 


This information is provided by RNS
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