Prezzo plans to open more outlets

Press Association

Restaurant chain Prezzo plans to open another 25 outlets this year after smashing City forecasts for profits in 2012 despite the austere consumer climate.

The pizza and pasta chain opened 31 new restaurants during 2012 as it grew revenues by 17% to £144.5 million.

Adjusted profits of £18.3 million were 5% ahead of analysts' forecasts and 11% better than a year earlier, even though the period was impacted by summer distractions such as the Olympics, Euro 2012 and Royal Jubilee.%VIRTUAL-SkimlinksPromo%