Prezzo reports annual revenue uplift of 13%

Italian casual dining chain, Prezzo has posted a revenue rise of 13% £213,812,000 for the year ending 3 January 2016, compared with £189,890,000 the year before.

Profit before tax rose to £21,715,000, compared with £18,525,000 the previous year. The company had 276 restaurants at the year-end, up from 259 the year before.

During the period, the firm continued its programme of organic openings and at 3 January 2016 there were 276 restaurants (2014 – 259) in the estate.

The company stated: ‘We will continue to grow the business via selective new units openings across the UK and also now in Ireland. With a number of important initiatives to drive our top line and enhance margins, together with tight control over operating costs we expect to deliver further growth for our investors.’