Comptoir Group (COM)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 4.95p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.50
  • 52 Week Low: 4.60
  • Currency: UK Pounds
  • Shares Issued: 122.67m
  • Volume: 1,538
  • Market Cap: £6.07m
  • RiskGrade: 250

Revenues plunge at Comptoir after 'devastating' impact of lockdowns

By Abigail Townsend

Date: Thursday 10 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Comptoir Group saw revenues tumble and losses widen significantly last year, as the Covid-19 pandemic shut its restaurants for much of 2021.
Revenues in the year to 31 December slumped 62.6% to £12.5m, while gross profits came in at £9.3m against £24.9m a year previously. Pre-tax losses widened from £0.5m in 2019 to £8.15m, following a £4.0m impairment charge.

Comptoir - which owns the Lebanese and eastern Mediterranean brands Comptoir Libanais and Shawa - said the pandemic and subsequent lockdowns had a "devastating impact" on the business. Its restaurants were closed for more of the year than they actively traded.

As a result, outlets in Gatwick and Heathrow were closed permanently, while its Levant restaurant was handed back to the landlord in December. Three more restaurants have either already shut or are due to close this year. The group owns and operates 23 restaurants alongside a further four franchise outlets.

Richard Kleiner, chairman, said: "It has been an unprecedented year that has brought with it considerable challenges. However, the team has navigated these challenges incredibly well.

"During the periods of closure, costs were minimised, [and] suppliers and landlords actively engaged."

Looking ahead, Kleiner said he was encouraged by the chain's performance since 12 April. "With the government roadmap set out and the vaccine roll out continuing at pace I'm optimistic for the coming year post-lockdown," he noted.

Comptoir ended 2021 with just three sites open before its estate was closed when the third national lockdown began on 5 January.

Since 12 April, it has begun a phased reopening. "Trading has been extremely encouraging since reopening the 21 managed sites on 17 May," it said. "We look forward to being able to trade fully across the summer and beyond. As a result of this trading performance, the group continues to plan the opening pipeline for the next three years."

As at noon BST, shares in the Aim-listed firm were off 6% at 8.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Comptoir Group Market Data

Currency UK Pounds
Share Price 4.95p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.50
52 Week Low 4.60
Volume 1,538
Shares Issued 122.67m
Market Cap £6.07m
RiskGrade 250

Comptoir Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.87% below the market average16.87% below the market average16.87% below the market average16.87% below the market average16.87% below the market average
19.23% below the sector average19.23% below the sector average19.23% below the sector average19.23% below the sector average19.23% below the sector average
Price Trend
69.19% below the market average69.19% below the market average69.19% below the market average69.19% below the market average69.19% below the market average
74.55% below the sector average74.55% below the sector average74.55% below the sector average74.55% below the sector average74.55% below the sector average
Income Not Available
Growth
60.59% below the market average60.59% below the market average60.59% below the market average60.59% below the market average60.59% below the market average
92.16% below the sector average92.16% below the sector average92.16% below the sector average92.16% below the sector average92.16% below the sector average

Comptoir Group Dividends

No dividends found

Trades for 16-Jul-2024

Time Volume / Share Price
10:22 587 @ 4.60p
09:51 913 @ 4.60p
08:45 38 @ 5.20p

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