Revenues and earnings skyrocket at Everyman Media
Updated : 15:38
Everyman Media reported a 55% surge in first-half revenue to £18.8m on Friday, with adjusted EBITDA rocketing 123% to £3m.
The AIM-traded firm said it added one new venue during the period in its unaudited interim results for the six months to 29 June, expanding its current estate to 21 venues.
It claimed it was committed to a further nine venues as well as a permanent venue at Kings Cross, adding that it had a “strong pipeline” for future years, including a new venue in Glasgow to be opened in 2018.
“The first six months ... saw us open a new venue in Stratford-Upon-Avon,” said chairman Paul Wise.
“In addition, the group exchanged contracts on five further sites at York, Liverpool, Newcastle, Glasgow and Borough Market (in London) in the period.
“The temporary one-screen venue at Kings Cross will continue to trade after the opening of the main venue later in 2017.”
The group now operates 21 venues and 58 screens.
Trading since the period ended had continued in line with expectations, Everyman’s board claimed.