REG - Everyman Media Grp - Trading Update

Everyman MediaAnnouncement

27/07/2022 07:16

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RNS Number : 8388T  Everyman Media Group PLC  27 July 2022

27 July 2022

 

Everyman Media Group PLC

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

 

Trading Update

 

Everyman Media Group plc (AIM: EMAN) provides the following trading update for
the 26 weeks ending 30 June 2022.

 

•             Group revenue of £40.7m, an increase of £11.8m
vs. the same period in 2019.

•             Group EBITDA(1) of £7.5m, an increase of £0.9m
vs. the same period in 2019.

 

The Group's performance was particularly reassuring given that 2019 was a
record year. Growth was driven by a combination of an increased number of
venues, strong admissions and higher average spends as well as benefitting
from reduced VAT in the first quarter. The Board is confident the financial
performance of the Company for the full year ending 31 December 2022 will be
in line with market expectations.

 

The Group ended the period operating 37 cinemas (H1 2019: 28 cinemas), having
opened a five-screen venue in Edinburgh.

 

The Board is also pleased to announce the pipeline for H2 2022 and 2023 is
well progressed with a minimum of six further venues contracted to open.

 

The Group intends to publish its interim results for the 26 weeks ended 30
June 2022 on 28 September 2022.

 

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

"It has been a busy six months for the Group, as our exceptional venue teams
entertained guests across the country. 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".

 

(1) Adjusted for pre-opening costs, acquisition expenses, depreciation,
amortisation, share based payments and costs incurred directly related to
Covid-19. IFRS 16 has been applied.

 

 For further information, please contact:

Everyman Media Group PLC
 Alex Scrimgeour, Chief Executive                           Tel: +44 (0)20 3145 0500
 Will Worsdell, Finance Director

 Canaccord Genuity Limited (Nominated Adviser and Broker)   Tel: +44 (0)20 7523 8000
 Bobbie Hilliam
 Georgina McCooke

 Alma PR (Financial PR Adviser)                             Tel: +44 (0)20 3405 0205
 Susie Hudson

 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/
(http://investors.everymancinema.com/)

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