Pre-close trading update
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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.
| 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 |
| Camarco (Media Contact) Jennifer Renwick Letaba Rimell | comptoir@camarco.co.uk |
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