Everyman Media Group PLC Trading Update (7468D)
11 July 2016 - 4:00PM
UK Regulatory
TIDMEMAN
RNS Number : 7468D
Everyman Media Group PLC
11 July 2016
Everyman Media Group plc
('Everyman' or the 'Group')
Trading Update
Everyman Media Group plc is issuing this trading update prior to
the intended announcement of its Interim Results on 14th September
2016 for the six months ended 30th June 2016.
The Group ended the six months to 30(th) June 2016 operating 17
cinemas, with Bristol having opened during the period. Of the four
Odeon sites acquired in 2015, Esher, Gerrards Cross and Barnet have
now been fully refurbished, and are all trading well. The Group has
just received Listed Building Consent for its venue in Muswell Hill
allowing works to commence on the final stage of this
refurbishment. The Group's existing sites continue to trade in line
with Directors' expectations.
The Group has continued to find attractive new venue
opportunities for future investment. As previously announced
contracts have now been exchanged on venues at Horsham, Durham and
Wokingham. Additionally, in the run-up to the opening of the three
screen Kings Cross venue in late 2017, a one screen temporary venue
will open on 15 July.
In summary, the Group has performed in line with market
expectations in the first six months of 2016 and, due to new sites,
a significant increase in the financial performance of the Group
year on year is expected.
11 July 2016
For further information, please contact:
Everyman Media Group plc Tel: 020 3145
Crispin Lilly 0500
Cenkos Securities plc (NOMAD Tel: 020 7397
and Broker) 8900
Bobbie Hilliam
This information is provided by RNS
The company news service from the London Stock Exchange
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