EMAN.L

Everyman Media Group Plc
Everyman Media Grp - Trading Update and Notice of Results
25th July 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 7402X
Everyman Media Group PLC
25 July 2024
 

25 July 2024

 

Everyman Media Group PLC

("Everyman" the "Company" or the "Group")

 

Trading Update and Notice of Results

Everyman Media Group PLC (AIM: EMAN) provides the following trading update for the 26 weeks ending 27 June 2024.

·          Admissions of 1.9m (2023: 1.6m)

·          Group Revenue of £46.9m (2023: £38.3m)

·          Group EBITDA of £6.2m (2023: £5.8m)

·          Paid-for Average Ticket Price of £11.76 (2023: £11.49)

·          Food and Beverage Spend per Head of £10.47 (2023: £10.25)

 

Financial performance for the half year was in line with expectations and reflected the impact of last year's SAG-AFTRA and WGA strikes. The Group expects a significant H2 weighting to admissions, revenue and EBITDA based on the strong pipeline of releases for the remainder of the year, including Joker: Folie à Deux, Paddington in Peru, Gladiator II, Wicked, Moana 2 and Mufasa: The Lion King.   

 

Everyman now operates 45 cinemas, having opened a three-screen venue in Bury St Edmunds in February 2024. The Group expects to open a five-screen venue in Cambridge in November 2024 and a three-screen venue in Stratford (London) in December 2024.

 

The Board remains confident that the financial performance of the Company for the full year ending 2nd January 2025 will be in line with market expectations1.

 

The Group intends to publish its interim results for the 26 weeks ended 27 June 2024 on Wednesday 25th September 2024.

 

Alex Scrimgeour, Chief Executive Officer of Everyman Media Group Plc, said:

"We have once again delivered robust growth in both revenue and EBITDA during the first half, reinforcing our position as a leading player across the UK's cinema landscape. Our continued strong performance, driven by consumer appetite for the unique Everyman proposition, comes despite a marked reduction in film output following last year's writer and actor strikes.

During the second half, we have an exciting slate of releases to look forward to and are confident in our ability to capitalise on the opportunity ahead."

1 Current market forecasts for the year ended 2 January 2025 are revenue of £108.0m and Adjusted EBITDA of £19.3m.

For further information, please contact:

Everyman Media Group PLC

  Tel: +44 (0)20 3145 0500

Alex Scrimgeour, Chief Executive


Will Worsdell, Finance Director


Canaccord Genuity Limited - (Nominated Adviser and Broker)

Tel: +44 (0)20 7523 8000

Bobbie Hilliam


Harry Pardoe


Alma (Financial PR Advisor)

Tel:    +44 (0)20 3405 0205

Rebecca Sanders-Hewett
David Ison


Joe Pederzolli




About Everyman Media Group PLC:

 

Everyman is the fourth largest cinema business in the UK by number of venues, and is a premium, high growth leisure brand. Everyman operates a growing estate of venues across the UK, with an emphasis on providing first class cinema and hospitality.

 

Everyman is redefining cinema. It focuses on venue and experience as key competitive strengths, with a unique proposition:

·         Intimate and atmospheric venues, which become a destination in their own right

·         An emphasis on a strong quality food and drink menu prepared in-house

·         A broad range of well-curated programming content, from mainstream and independent films to theatre and live concert streams, appealing to a diverse range of audiences

·         Motivated and welcoming teams

 

For more information visit http://investors.everymancinema.com/


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTBZLLLZDLBBBF]]>
TwitterFacebookLinkedIn