Café brand Paul reports 9.6% increase in turnover in 2017
Bakery and café brand Paul has announced that turnover increased by 9.6% to £35.4m in 2017, with like-for-like sales up by 2.4%.
Results for the 12 months to 31 December showed group EBITDA at £3.2m, up 0.7% on 2016.
The period had seen the openings of three new units and a 58% increase in online sales following investment in the brand's ordering system.
The 37-branch strong group plans two further openings in 2018.
Jean-Michel Orieux, CEO of Paul UK said: "This is solid and pleasing performance from Paul in the light of challenging trading conditions such as rising property costs, fall in sterling and increased minimum wage.
"Closer ties with suppliers and improved menu engineering saw costs controlled, allowing us to continue to strategically and carefully expand. We owe these results to our amazing, committed team who daily deliver our promise of freshness and passion for quality to our loyal customers.
"We will continue to evolve our product range and are confident that Paul will continue to engage with our customers and perform well."
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