Patisserie Holdings (AIM:CAKE) great results from the best ticker in town
The highly rated café and casual dining group, led by the equally highly rated Luke Johnson, has delivered excellent results for the 12 months ended 30 September 2015. Given the very punchy rating nothing else was expected, but they have still delivered…and the cakes are really appealing!
Group revenue was up 20% to £91.9m, of which £3.6m is due to the full year effect of the acquisition of sandwich retailer Philpotts in 2014. The oft quoted EBITDA was up 22.9% to £18.8m and pre-tax profit up 29.2% to £14.6m. Growth in basic earnings per share was only 9.6% to 11.41p due to the weighted average number of shares being lower in 2014 due to the listing on AIM only part way during that year and due to the 2014 tax charge benefitting from the exercise of share options. As you would expect, this business is a great…