Share Prices & Company Research

Market News

13 Mar 2019 | 10:17

Everyman Media Group profits jump as new openings drive admissions

Cinema group Everyman Media reported Wednesday profits jumped sharply as new openings bolstered admissions.

For the 53 week period ended 3 January, pre-tax profits rose 67% to £2.72m and revenue jumped 27.7% to £51.9m.

Admissions were up 25% on last year to 2.8m. The company opened 5 new Everyman venues in the year, growing its estate to 26 sites and 84 screens as at 12 March 2019. Everyman had committed to a further 14 venues, of which 7 were expected to open in 2019. 'The Group continues to balance the development and growth of the pipeline for new venues with the opportunities for growth within our existing estate. Progress in this latter area has been strong in 2018 with admissions, food & beverage revenue and other ancillary income from the continuing estate growing well,' the company said.

'The Directors believe that continuing to achieve growth in both of these areas will enable us to increase our customer base and frequency of visits in communities across the country whilst continuing to deliver exciting growth for the business and for our shareholders.'

At 10:17am: (LON:EMAN) Everyman Media Group Plc share price was +6p at 187p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.