The Revolucion de Cuba owner published a trading update looking at the period from
Across the
The group said its balance sheet remained strong, with net cash of £3.7m and £36.5m facility headroom as of
It said its post-lockdown performance was well ahead of its expectations and that costs had continued to be well controlled.
However, the bar operator added it was still wary of the potential impact of increasing Covid infections and the possibility of restrictions returning in the lead to Christmas.
“We spent the lockdown periods working extremely hard to refine and enhance our brand propositions with a key focus on heightening guest experience,”
“As a result, it is extremely encouraging to see we have capitalised on the pent up demand we predicted, which has been reflected in excellent trading so far this year. We are therefore confident in the Group’s outlook assuming that there are no further restrictions on our ability to trade.”
Thursday’s trading update will be followed by the group’s preliminary results for the year on
Bar operators have welcomed the return of office workers to city centres in recent weeks, with other pub companies reporting a boost to
The post
© City AM, source