Clear Leisure PLC

Sosushi Year End Results

RNS Number : 7411F
Clear Leisure PLC
29 May 2013
 



29 May 2013

 

 

Clear Leisure Plc

("Clear Leisure" or "the Company")

 

 

YEAR END RESULTS OF SUBSIDIARY

 

The Company is pleased to announce that You Can Group srl ("You Can"), its 51 per cent. owned subsidiary which runs the Sosushi chain of restaurants, has today published its audited consolidated final results for the year ended 31 December 2012.

 

You Can recorded revenues for the year of EUR 1.7 million (2011: EUR 1.1 million), an EBITDA of EUR 177,156 (2011: EUR 61,626), and a consolidated profit of EUR 52,003 (2011: loss of EUR 562).

 

With the control of Sosushi now with Clear Leisure, the growth strategy is changing from franchising to directly owned restaurants. Some franchising stores will be acquired through a credit conversion with the franchisee.

 

Restaurants in Rimini, Udine, Lignano and Portorotondo will soon become direct owned locations, together with a number of new international locations opening within the Ora Hotel resorts. A new restaurant is planned to open in Milan early in June.

 

-ends-

 

 

For further information please contact:

 

 

Clear Leisure Plc                                                                                           +39 02 4795 1642

Alfredo Villa, CEO

 

Westhouse Securities                                                                              +44 (0) 20 7601 6100

Antonio Bossi

Jonathan Haines

 

Leander PR                                                                                               +44 (0) 7795 168 157

Christian Taylor-Wilkinson

 

 

About Clear Leisure Plc

Clear Leisure Plc (AIM: CLP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the leisure and real estate sectors mainly in Italy but also other European countries. The Company may be either a passive or active investor and Clear Leisure's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions. For further information, please visit, www.clearleisure.com

 


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