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(Sharecast News) - Cake Box reported higher full-year revenue and underlying earnings on Tuesday, supported by continued store expansion, like-for-like growth in its core estate and the first full-year contribution from Ambala.
Revenue rose 39.5% to 59.69m in the 52 weeks ended 29 March, while underlying EBITDA increased 41.6% to 12.36m and underlying pre-tax profit rose 22.6% to 8.67m.
Statutory pre-tax profit was up 16.5% at 6.86m.
Cake Box revenue excluding Ambala grew 9.3% to 45.86m, with like-for-like sales up 4.8%, while Ambala contributed 14.14m of revenue and 1.85m of underlying EBITDA.
System sales rose 27.7% to 111.27m, with online sales up 19.7% to 22.89m and website orders rising 15.9%.
The AIM-traded group opened 37 stores during the year, comprising 25 Cake Box sites and 12 Ambala stores, taking the estate to 310 locations.
Cake Box recommended a 7.2p final dividend, up 5.9%, and said trading in the new financial year had started positively, with plans for 35 further store openings despite a challenging consumer backdrop.
At 1055 BST, shares in Cake Box Holdings were up 3.42% at 196.5p.
Reporting by Josh White for Sharecast.com.
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