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Platinum Jubilee Bank Holiday boost for Revolution and Revolucion de Cuba bars group

Revolution Bars Group’s board is “confident” of its earnings being “slightly ahead of the top end of market expectations” by the end of its current financial year.

The Manchester-headquartered company made the statement after “positive trading” over the Jubilee Bank Holiday and said its adjusted EBITDA for the 12 months to July 2 will be ahead of the £10m target.

The group, which is behind the Revolution and Revolucion de Cuba brands, added that it expects to open six bars in its next financial year.

READ MORE: National bar chain Revolution to return to city after eight-year absence

Chief executive Rob Pitcher said: “Revolution Bars Group is in great shape and it’s great to be back doing what we do brilliantly.

“The business is well funded and the investment we have made in our refurbishment programme is delivering positive results and delighting our guests.

“This, together with encouraging trading, underpins our confidence in our expansion plans with two new bars due to open later this month and an excellent pipeline of new sites in place.

“Our success in delivering our vision and strategy is testament to the whole team’s hard work and their ability to create fun and memorable experiences for our guests.”

Source: www.business-live.co.uk

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