17 December 2009
Interim results for the six months ended 27 September 2009
The Clapham House Group PLC ("Clapham House" or the "Group"), owner and operator of Gourmet Burger Kitchen ("GBK") and The Real Greek ("TRG"), today announces its unaudited interim results for the six months ended 27 September 2009.
Highlights:
• Revenue increased 13% to £22.5m (2008 restated: £20.0m)
• Headline EBITDA of £3.2m (2008 restated: £3.6m)
• Headline profit before taxation of £1.6m (2008 restated: £2.0m)
• Statutory profit before taxation of £1.3m (2008 restated: £1.5m)
• Diluted EPS of 2.2p (2008 restated: 2.8p)
• Net debt at 27 September 2009 of £11.4m (2008: £12.1m)
All numbers above are shown for continuing operations only.
Operational highlights:
• Now focused on GBK and TRG
• 2 new GBK restaurants opened in the UK and 3 internationally to date in this financial year
• 51 GBK restaurants across the UK and 13 under franchise overseas
• 7 TRG restaurants across London
• Continued profitability of GBK and TRG
• Q3 trading to date in line with Board expectations
David Page, Executive Chairman, The Clapham House Group PLC, commented:
"Despite the difficult economic environment in the UK, we are pleased to have reported growth in sales and maintained profitability in our GBK and TRG businesses. We are now focused on two robust, growing and cash generative restaurant businesses that are set to benefit as the UK economic environment improves."