Tortilla reports a 'strong trading momentum' as it sees growth of 23%

Tuesday, January 11, 2022

The Mexican fast food restaurant group, which has 50 locations across the UK, said the growth was "driven by growing customer demand" via its food, takeaway and delivery channels and supported by the continued introduction of new locations.

Meanwhile, delivery accounted for over 30% of the total Group turnover. Tortilla's bosses expressed optimism the business would thrive this year in line with their projections as the trade restrictions will ease, with less public funding, and would also meet its goal of opening 45 more sites over the next five years.

Similar earnings in the UK jumped 23.8 per cent on a pre-pandemic basis despite the country being facing a national lockdown and other restrictions all year in early 2021.

The group's incorporation into AIM in October 2021 earned the company £5 million in an attempt to speed up its growth plans. The company said trade remained 'very positive' despite Omicron being widely disseminated, prompting many Britons to reluctantly dine in pubs.

The Board was confident that the Group will perform in line with those of 2022 as a lower financial backing from the UK Government would be offset by reduced trading restrictions. This has been supported by the growing attractiveness of our offer and the further development of the Tortilla brand.