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Hollywood Bowl Group PLC - Hertfordshire-based ten-pin bowling operator - Expects to report revenue of £184.9 million for the financial year that ended September 30, increasing sharply from £71.9 million the year prior and up 42% from £129.9 million in the pre-pandemic financial 2019. ‘The strong performance has been supported by resilient customer demand for experiential leisure during the year,’ Hollywood Bowl says.
Expects to report an earnings before interest, tax, depreciation and amortisation growth in excess of 40% compared to £38.2 million in financial 2019, ahead of market expectations. The company expects to pay a final dividend of at least 7.50 pence per share for financial 2022.
Chief Executive Officer Stephen Burns says: ‘Although our customers are undoubtedly facing a number of challenges, I firmly believe that our great value for money offer will remain very attractive to families looking for high quality, affordable leisure experiences to enjoy together. Looking ahead, we see a significant opportunity to grow our business to more than 110 centres across our three experiential leisure brands: Hollywood Bowl and Puttstars in the UK and Splitsville in Canada.’
Current stock price: 210.50 pence, up 2.4% on Monday afternoon in London
12-month change: down 13%
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