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Everyman Media Group PLC - London-based cinema chain - Ups revenue and earnings before interest, tax, depreciation and amortisation past pre-pandemic levels in the 26 weeks ending June 30. Revenue stands at £40.7 million, up £11.8 million from its 2019 level. Ebitda stands at £7.5 million, up £900,000 from its 2019 level. Company says this is ‘reassuring’ as 2019 was a record year for the company. Says the growth was driven by increased number of venues and higher average spends. Everyman is confident in delivering full-year results in line with market expectations. Adds that the pipeline for the second half of 2022 is progressing well.
‘Despite well publicised headwinds we have managed to deliver record half year sales and Ebitda. We remain confident that people's enjoyment of cinema and specifically Everyman remains undiminished,’ commented Chief Executive Alex Scrimgeour.
Everyman will release its interim results on September 28.
Current stock price: 111.00 pence, up 1.8% in London on Wednesday
12-month change: down 20%
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