Everyman admissions at pre-pandemic levels
Everyman Media Group confirmed that its loss before tax for H1 of 2022 narrowed on lower costs, which means it is now in a strong position to grow.
The London-listed cinema company said it has seen a strong recovery in admissions having fully reopened towards the end of July.
They are now at 80% of levels seen in 2019 as the group exceeded its own expectations and talked up the possibility of sustaining this trend.
“We anticipate that the strong slate expected in 4Q, including the new Bond film, together with further innovative programming, will drive further growth in this figure,” the company said.
The Everyman groups share price is up by 5.88% during the morning session on Thursday.
Alex Scrimgeour, Chief Executive of Everyman Media Group PLC, added:
“Whilst the reporting period was challenging, with our venues closed for 20 weeks, the actions we took at the start of the pandemic and throughout have ensured we are now in a strong position to take advantage of the recovery.”
“We have been encouraged with trading since re-opening on 17 May and are looking forward to a strong film slate in the last quarter of 2021. It has been a pleasure to welcome back our staff and see our customers enjoying all the aspects of the great night out that Everyman delivers. Our customers and in particular our members remain highly engaged, demonstrating that we have maintained exceptional brand loyalty throughout the period by keeping a constant dialogue with them.”
“Despite some challenges remaining ahead, we are confident in our business model and that customers will continue to return to Everyman in ever increasing numbers over time. We have had significant support from all our key stakeholders for which we are very grateful. We remain confident in the Everyman brand and our ability to navigate out of recovery and back to growth.”