Hollywood Bowl Group (BOWL)

329.50p
   
  • Change Today:
      3.50p
  • 52 Week High: 336.00
  • 52 Week Low: 213.50
  • Currency: UK Pounds
  • Shares Issued: 171.58m
  • Volume: 178,949
  • Market Cap: £565.37m

Hollywood Bowl reports improved EPS amid strong pent-up demand

By Josh White

Date: Wednesday 15 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Hollywood Bowl reported revenues of £71.9m in its final results on Wednesday, down from £79.5m year-on-year, although the company cited "strong pent-up demand" following the reopening of leisure in England in May.
The London-listed firm said its gross profit for the 12 months ended 30 September was £61.6m, down from £67.9m year-on-year, while group adjusted EBITDA was £30.6m, up from £29.8m a year earlier.

Its operating profit was broadly stable at £9.6m, compared to 2020's £9.9m, while group profit after tax rose to £1.7m from £1.4m.

Basic earnings per share improved to 1.05p from 0.9p a year ago, as the company swung to net cash at year end of £29.9m, from net debt of £8.7m in the 2020 financial year.

"The past year has been challenging but also rewarding," said chief executive officer Stephen Burns.

"I am delighted about the excellent performance since reopening, including delivering record activity for both a single day and an entire month, exceeding our 2019 financial year trading levels on a like-for-like basis, and delivering a profit for the year.

"I am proud of all of our team members who have worked hard to achieve this success."

Burns said that, notwithstanding ongoing uncertainties around pandemic restrictions, Hollywood Bowl was "confident" in the continued strong ongoing demand for "fun, safe and family-friendly" leisure activities.

"Our strong balance sheet and highly cash generative business model means we are well positioned to continue our refurbishment programme and rollout of both the Hollywood Bowl and Puttstars brands."

At 1109 GMT, shares in Hollywood Bowl were down 0.65% at 228p.

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BOWL Market Data

Currency UK Pounds
Share Price 329.50p
Change Today 3.50p
% Change 1.07 %
52 Week High 336.00
52 Week Low 213.50
Volume 178,949
Shares Issued 171.58m
Market Cap £565.37m

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Strong Buy 5
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BOWL Dividends

  Latest Previous
  Final Special
Ex-Div 01-Feb-24 01-Feb-24
Paid 23-Feb-24 23-Feb-24
Amount 8.54p 2.73p

Trades for 28-Mar-2024

Time Volume / Share Price
16:57 65 @ 330.03p
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16:35 193 @ 329.50p

BOWL Key Personnel

CEO Stephen Burns
CFO Laurence Keen

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