Everyman Media Group reported its preliminary results for the 53 week period ending 3 January 2019.
According to the company, revenue for the year was up 27.7% to £51.9 million, compared to £40.6 million back in 2017.
Meanwhile, adjusted earnings before interest, tax, depreciation and amortisation rose 38.2% to £9.2 million, an improvement from the £6.6 million reported a year ago.
During the period, Everyman Media Group said it opened five new venues, including locations in York, Glasgow and Liverpool, taking its estate to 26 sites and 84 screens as of March 12.
In addition, the group have plans to open an additional 14 sites, with seven set to open during the course of this year.
Paul Wise, Chairman of Everyman Media Group, commented on the results:
“I am pleased to report on the Group’s results for the 53 weeks ended 3 January 2019.
With 5 new openings in the year in York, Glasgow, Altrincham, Crystal Palace and Liverpool, 2018 marked another year of strong growth. The business delivered performance in line with the Board’s expectations across all key areas.
The Group now operates 26 venues (84 screens) as at 12 March 2019, up from 21 (65 screens) at the beginning of 2018.”
Everyman Cinema Group operate cinemas across the UK. The firm was originally founded back in 2000 by Daniel Broch, who opened the group’s first location in Hampstead in London.
The company has listed on the AIM market of the London Stock Exchange as of 2013.
Shares (LON:EMAN) are currently trading +4.97% as of 11:07AM (GMT), as the market reacts to the results.
