Electra Private Equity PLC reported sales results for the seven weeks and sixteen weeks period from May 17, 2019. Over the 16 week period since the resumption of restricted indoor dining on 17 May, the company has reported Like for Like growth versus 2019 averaging +11.8%. On a VAT adjusted basis the Like for Like growth versus 2019 over this period was (0.3%). Performance over the entire 16 week period reflected a +3.9%.
In the 7 weeks since the further reduction of Covid-19 restrictions on 19 July this LFL growth versus 2019 has averaged +15.2%. On a VAT adjusted basis the Like for Like growth versus 2019 over this period was 2.6%. Outperformance of the market and over the period since 19 July sales have outperformed the market by +3.5%.