Year end trading update

RNS Number : 2652M

Hollywood Bowl Group plc

12 October 2016

 

12 October 2016

Hollywood Bowl Group plc

Year end trading update

Following the successful listing on the main market of the London Stock Exchange on Wednesday 21^st September, Hollywood Bowl Group plc, the UK's largest ten-pin bowling operator, is pleased to announce a trading update for the year ended 30 September 2016.

Hollywood Bowl Group has traded well through the year recording LFL revenues up 6.4%.  Total revenues including the Bowlplex sites are up 22.0% vs prior year.

The strong like for like performance has been driven by growth in the core estate, the centre refurbishment programme, an improved food and beverage offer and higher amusement spend.  The acquisition of Bowlplex has continued to be successful, with the integration progressing as anticipated and the initial returns from the first three re-brandings continuing to deliver above original expectations. 

The company has a good pipeline of new centres in place, and is on schedule to open in the Southampton Watermark Development during December.  The refurbishment programme continues to progress well with the Brighton rebrand due to be completed in time for the Christmas trading period.

The company plans to publish its preliminary results for the twelve months ended 30 September 2016 on 13 December 2016.

Stephen Burns, Chief Executive Officer of Hollywood Bowl Group said:

"We are pleased to report another successful year for Hollywood Bowl Group.  We have traded very well through the year and the customer response to our investments and offer has been encouraging.  We continue to make good progress with our refurbishment and Bowlplex rebranding programme.  The Board believes Hollywood Bowl has a very promising future and is focused on capitalising on the growth opportunities ahead as a listed company."

Enquiries:

Hollywood Bowl Group Steve Burns, Chief Executive Laurence Keen, Chief Financial Officer Mat Hart, Commercial Director	via Tulchan Communications
Tulchan Communications James Macey White David Allchurch Matt Low	[phone]

Notes to Editors:

Hollywood Bowl is the UK's largest ten-pin bowling operator, with a portfolio of 54 centres operating across the UK under the Hollywood Bowl, AMF and Bowlplex brands. The Group specialises in operating large, high quality bowling centres, predominantly located in out of town multi-use leisure parks (typically co-located with cinema and casual dining sites) and large retail parks. The centres are designed to offer a complete family entertainment experience with each centre offering at least 16 bowling lanes, on-site dining, licensed bars, and state-of-the-art family games arcades.

 

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