Pizza Express: further to the below on Q4

All, 

Further to the below on Q4, the company has by now also uploaded the Q1 results. No news besides financials.

Compared to Model:

- Sales were £2m higher

- GM was £1m lower

- EBITDA was £1m lower

- The WC "window-dressing?” from Q4 unwound

- CapEx was £1m lower

- Interest was on target. 

Thus cash position back in line with model - £1m lower.

Wolfgang