Bar group behind Revolution raises a glass after sales boost

REVOLUTION BARS GROUP is toasting a 2.9% increase in sales by £3.1m to £111.8m in its pre-close trading up date for the year to June 30 (2014: £108.7m).

The company based in Manchester, which operates under the Revolution and Revolución de Cuba brands, said its full year results were expected to be in line with the board’s expectation and would be announced on September 29.

The group has bars in Leeds, Harrogate, York and Sheffield.

Chief executive of the company, which floated in February for £86m, Mark McQuater said: “We are delighted to have joined the Premium Segment of the London Stock Exchange.

“Since we published our IPO prospectus earlier this year, I am pleased to confirm that our trading performance has continued to be strong and in line with our expectations. Like-for-like sales remain positive in both our drinks and food business and across both brands.

“We continue to make significant progress in developing our new site pipeline and we look forward to some exciting new bar openings before Christmas, details of which we will confirm in September.

“We will also be updating the market both on existing bar estate performance and our development plans at that time.”