Everyman Media delivers 'strong growth' in H1 revenue

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