Trading Statement

RNS Number : 9317K

Everyman Media Group PLC

06 January 2016

 

Everyman Media Group plc

("Everyman" or the "Company")

Pre-Close Trading Update

Everyman today announces a trading update for the twelve months to 31 December 2015.

The directors of Everyman are pleased to report trading for the twelve months to 31 December 2015 has been in line with market expectations. The Company ended the year operating 16 cinemas. These include the four Odeon sites acquired in August 2015, of which Gerrards Cross and Esher were both fully refurbished to the Everyman offer before the year end. The Directors expect the refurbishment of the remaining two sites at Muswell Hill and Barnet to complete during the course of 2016, in line with expectations at the time of acquisition.

The Group has continued to find attractive new venue opportunities for future investment.  As previously announced contracts have now been exchanged on venues at Bristol, Harrogate, Chelmsford, Cirencester, Stratford-upon-Avon and Kings Cross.

Everyman benefited from the strong cinema market during the second half of 2015 and the directors expect this momentum to continue into 2016. 

6 January 2016

For further information, please contact:
Everyman Media Group plc Crispin Lilly - Chief Executive Officer Jonathan Peters - Finance Director	Tel: [phone]
Cenkos Securities plc (NOMAD and Broker) Bobbie Hilliam Harry Pardoe	Tel: [phone]

 

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