Everyman Media Group PLC (AIM:EMAN), the independent and premium cinema group, said demand for cinemas remains high and its performance for 2021 will beat expectations even with over a month of the year to go.
Assuming no more COVID-19 restrictions in the final six weeks of the year, the company said its revenue and earnings before income, tax, depreciation, and amortisation (EBITDA) will beat its previous predictions.
The fourth-largest cinema business in the UK by venue numbers expects to receive revenues of over £46.3mln and EBITDA of more than £7mln, it said.
The company, which differentiates itself with "intimate and atmospheric" venues and a broad selection of programming content from mainstream and independent films to theatre and live concert streams, said early indicators imply cinema demand remains high and it is confident for the outlook of the sector in 2022.