1st Jul 2021 17:06
(Correcting that the company's trading has reached 89% of pre-Covid levels, not seating capacity)
Revolution Bars Group PLC - Ashton-under-Lyne, England-based bar chain - For the financial year ending July 3, expects performance to be ahead of management expectations, with a loss before interest, tax, depreciation and amortisation of GBP12.5 million, and net bank debt at GBP5 million.
Since May 17, trading has improved to 89% of the levels seen in the same period in 2019. In addition, revenue is set to be ahead of prior expectations, with a significant amount of pent-up demand still existing. Further strong trading anticipated as remaining restrictions are set to fall away.
Current stock price: 22.20 pence, up 5.2% on Thursday
Year-to-date change: down 4.9%
By Dayo Laniyan; [email protected]
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