Escape Hunt revenues and site-level EBITDA increase following reopening

Escape rooms operator Escape Hunt said on Monday that trading in the ten weeks ended 25 July had been "encouraging", with site-level underlying earnings and revenues both ending the period ahead of expectations.

Escape Hunt said total revenue during the ten weeks was 58% higher than in the same ten-week period in 2019, with revenue from the company's eight established UK owner-operated sites open in the same period in 2019 up 95%.

The AIM-listed firm also added that occupancy had continued to grow week-on-week.

Estimated earnings before interest, tax, depreciation and amortisation at site level were up 185% over the site level EBITDA in the same ten weeks in 2019. On a like-for-like basis, site-level EBITDA from its eight established sites increased by 83%.

Chief executive Richard Harpham said: "We are very pleased with the performance of the business since the UK sites re-opened in May with occupancy levels bouncing back more quickly than we had expected.

"We remain very firmly of the view that consumer spending on experiential leisure will continue to grow and that the group is well placed to benefit from this shift in spending patterns giving us cause for optimism for our future."

As of 1155 BST, Escape Hunt shares were up 4.57% at 36.60p.