Caffe Nero reports strong sales

Coffee shop chain, Caffe Nero has reported that overall annual revenues have grown to £222.4m, with like-for-like sales rising by 2.7%.

Also, the group's operating profits were up by 11.4%, reaching £23.5m and Ebitda rose by 9.2% to £38.1m.

The business has opened 36 new sites in the past 12 months and 40 more stores are set open this year. The group is currently operating 548 outlets with plans to reach 750.