D&D London enjoys "better than expected" Christmas trading

04 January 2019 by
D&D London enjoys "better than expected" Christmas trading

Restaurant group D&D London has reported robust trading during December with like-for-like revenue up 6%.

Des Gunewardena (pictured right with David Loewi), chairman and chief executive of D&D London, said that business was "better than expected" in the context of Brexit and uncertain financial markets.

Overall revenue during December increased by 11% year on year with turnover on Christmas Day up 20%. The strongest increase in revenue came from London restaurants Orrery (up 22%) and Aster (up 19%).

Gunewardena added: "We were very pleased with our like-for-like growth in revenues compared with a strong December last year. As was the case then it was great to see both our more recent openings as well as our longest established venues performing well. For the full month of December, six of our venues achieved £1m+ net revenues. Quaglino's and 100 Wardour Street, our highest grossing restaurants, each achieving net revenues in excess of £1.4m."

The company recently reported a 1% increase in revenue to £130.9m for its last full financial year to 31 March 2018, while EBITDA slipped to £11.6m from £13.1m and pre-tax losses increased from £4.1m to £5.7m.

D&D London had 36 restaurants in the UK in the capital, Leeds and Manchester, and five overseas in Paris, New York and Tokyo. It also operates the 80-bedroom South Place hotel in London

D&D operator reports pre-tax losses up in full year results as revenues hold firm >>

Aiden Byrne returns to Manchester House to save ailing restaurant >>

Frederick Forster appointed head chef at D&D's Plateau restaurant >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking