Carluccio’s turnover increase fails to translate to EBITDA

Carluccio’s has increased turnover in the UK by 2.7% to £140.9m in the year ending 26th September 2016.

While Carluccio saw a growth in turnover, the earnings before interest, tax, depreciation and amortization (EBITDA) fell from £15m to £13.2m. The group currently operates 118 sites globally.

The company, as reported by Propel Hospitality, stated: “Investment in the estate has continued with the opening of nine new-generation restaurants and the accelerated refurbishment of Carluccio’s older restaurants. The recently opened Solihull and York restaurants are trading extremely well and beyond forecast.

“There is substantial investment in IT, with a new cloud-based EPOS system and tablets. New dishes have been developed and introduced, putting the spotlight on the provenance of our ingredients and the authenticity of our food. Investment in the team has been increased with the introduction of new training programmes.”




Related posts