Roadchef has released financial results for the year ended 1 January 2023, with revenue of £219m and EBITDA of £40.3m.
The operator of 20 motorway service areas reported revenue improved 21.1% on the previous year, while EBITDA reduced by £0.1m, reflecting higher utility costs, business rates, and employee costs.
The loss for the period was £6.6m, compared to a profit of £14.2m for the period ended 2 January 2022.
Roadchef saw over 47 million visitors to its services during the period, in addition to 2 million customers served through drive-thru offerings.
It opened a new McDonald’s drive-thru, a new Leon unit, and refurbished existing Costa Coffee units, while trialling a pasta counter with Coco di Mama.
In March 2022, it was acquired in a £900m takeover deal by Australian financial services group Macquarie, following which Roadchef refinanced with new bank borrowings of £270m, repayable in 2027.
The group has net assets of £16m and net current liabilities of £30.6m, down from £26.7m and £17.1m respectively.
