Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Everyman Media delivers 'strong growth' in H1 revenue

(Sharecast News) - Cinema operator Everyman Media Group said on Tuesday that it had delivered "strong growth" in revenue, underlying earnings and market share during the six months ended 27 June. Everyman Media said interim revenue had risen from £38.3m to £46.9m, with admissions up from 1.6m to 1.9m, gross profit margins improving from 65.6% to 66.5% and paid-for average ticket prices growing to £11.76 from £11.49 at the same time a year earlier.

As a result, Everyman said adjusted underlying earnings came to £6.2m for the half, up from £5.8m in H123.

Chief executive Alex Scrimgeour said: "We achieved strong growth in revenue, increased EBIDTA and record market share, driven by rising demand for Everyman's unique brand of hospitality.

"We move into the second half with confidence, and look forward to an exciting slate of high-profile releases to come through the remainder of the year."

As of 0920 BST, Everyman shares had rallied 6.19% to 60.0p.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Cadogan Energy strikes €10m settlement agreement
(Sharecast News) - Exploration and production firm Cadogan Energy said on Friday that it has signed a settlement agreement with Proger Management, Proger Ingegneria, Ma.Lo and TIFS Partecipazioni.
Portmeirion issues profit warning amid 'challenging and unpredictable market conditions'
(Sharecast News) - Pottery business Portmeirion warned on Friday that both revenue and pre-tax profits for the year ending 31 December were now expected to be below market expectations.
Quiz shares slump as group warns of potential need for further funding
(Sharecast News) - Clothing business Quiz warned on Friday that it may require additional funding as decreased footfall weighed on sales in the three months ended 30 November.
Alphawave IP chairman steps down
(Sharecast News) - Semiconductor business Alphawave IP revealed on Thursday that chairman John Holt was set to retire from the group for undisclosed "personal reasons".

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.