Everyman Media Group PLC (AIM:EMAN)’s annual results due on Wednesday, April 12 will give an indication of the health of the premium end of UK cinemas.
The AIM-listed company expects a significant rebound from 2021 given the impact of Covid-19 lockdowns, although Covid-related delays in film production still resulted in a reduced slate of film content during 2022.
Group revenues are expected to come in at £79.7mln, an increase of 62.5% versus the prior year, with underlying EBITDA of £14.5mln, a year-on-year increase of 74.7%
With Cineworld facing the prospect of bankruptcy, investors will be keen to hear chief executive Alex Scrimgeour’s take on the health of commercial cinema sector.
Everyman shares are currently down 21% year to date at 65p with a market capitalisation of £59mln.