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:
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Everyman Media Group PLC
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Tel: +44 (0)20 3145
0500
|
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Alex Scrimgeour, Chief
Executive
|
|
|
Will Worsdell, Finance
Director
|
|
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Canaccord Genuity Limited - (Nominated Adviser and
Broker)
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Tel: +44 (0)20 7523
8000
|
|
Bobbie Hilliam
|
|
|
Harry Pardoe
|
|
|
Alma (Financial PR Advisor)
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Tel: +44
(0)20 3405 0205
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Rebecca Sanders-Hewett
David Ison
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|
|
Joe Pederzolli
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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/