XP Factory plc (LON:XPF) CEO Richard Harpham joins DirectorsTalk Interviews to discuss interim results for the twelve months ended 31 December 2023.
In this interview with XP Factory, CEO Richard Harpham highlights significant growth, with revenues doubling to £45 million, driven by strong performance in both brands and robust like-for-like sales growth. Escape Hunt saw a 38% increase, contributing £13.5 million, while Boom Battle Bar, a younger brand, experienced a 200% growth, adding £28.6 million. The financial successes include a doubling in gross profit and EBITDA, reaching £5.5 million, and an operating profit of £1.8 million for the first time.
We also discuss the distinct stages of development and customer bases of the two brands, their expansion strategies, and the impact of new site openings and acquisitions on growth and profitability. Richard attributes the resilience and success of XP Factory to its diverse customer base, operational efficiencies, and strategic pricing. Looking ahead, XP Factory plans to continue expanding organically, focusing on operational improvements and sustaining sales growth.
