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Birmingham Post
Birmingham Post
Business
Jon Robinson

Revolution Bars blames strikes for sales hit as it issues profit warning

Shares in the group behind the Revolution and Revolución de Cuba bar brands dropped by more than 20% after it issued a profit warning.

The Manchester-headquartered Revolution Bars Group said it expects its full-year EBITDA to be lower than previously forecasted as it introduces temporary closures to some of its 90 bars and pubs.

The listed group said its EBITDA is now expected to be at the bottom end of the range of market expectations between £6.7m and £10.5m.

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