14th Mar 2018 11:32
For the year ended December 28, pretax profit expanded nearly three-fold to
During the year, Everyman opened a further three new Everyman cinemas resulting in 22 in total comprising 69 screens and 6,267 seats. Contracts have been exchanged for a further nine new sites.
Admissions over the year rose 32% to 2.2 million from 1.7 million the year prior. Average ticket prices rose 3% to
Everyman does not currently pay a dividend.
"Since the year end trading has been in line with expectations and the film release schedule for 2018 looks both strong and diverse," Everyman Chairman Paul Wise said.
"Whilst the pipeline for further new venues continues to develop well, the opportunities for growth organically from our existing estate are becoming increasingly important for the business," Wise added. "The directors believe that developing like for like growth, alongside continued footprint growth, will stand us in good stead to deliver venues that are used and appreciated by communities around the country and to grow the business for our shareholders."
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