Sticks’n’Sushi’s profitability driven by UK business
The group’s 10 UK restaurants grossed £44m and generated £7.2m EBITDA while the group as a whole turned over a total of £86m equating to an EBITDA of £10.4m.
Founded in Copenhagen in 1994, Sticks’n’Sushi launched its first UK site in 2012 and now operates a total of 25 restaurants in Denmark, the UK and Germany.
Sticks’n’Sushi’s CEO Andreas Karlsson says the group’s slow-and-steady and strictly organic approach to growth will continue.
“Nobody could accuse us of having an aggressive approach to growth. But we’re still operating all the restaurants we have opened. We have got through financial crises, Covid and all sorts of other things.”
“The plan is the same. We open one restaurant at a time and approach each site like it’s our first. If each restaurant is as good as the previous ones, then we can push forward with our expansion even when times are difficult.”
Speaking to BigHospitality, Karlsson didn’t reveal how many sites his group was likely to open this year but says there considerably more scope for expansion in Germany following the success of the group’s three-strong Berlin operation and hinted that there was a lot more to do in the UK too.
This year's results follow a similarly strong set of results for 2020/2021.
Sticks’n’Sushi was founded by brothers Jens and Kim Rahbek and their brother-in-law Thor Andersen. With input from their mother Keiko, the brothers took inspiration from their half-Japanese, half-Danish background to create a stylish restaurant concept that combined two of Japan’s most popular culinary disciplines.
