Hollywood Bowl Group (BOWL)

326.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 350.50
  • 52 Week Low: 251.00
  • Currency: UK Pounds
  • Shares Issued: 172.08m
  • Volume: 176,924
  • Market Cap: £561.85m

Hollywood Bowl strikes hot streak in first half

By Iain Gilbert

Date: Wednesday 23 May 2018

LONDON (ShareCast) - (Sharecast News) - British ten-pin bowling operator Hollywood Bowl turned in a "strong" financial performance in the first six months of the year on Wednesday, with revenues increasing on the back of its new-look sites.
Revenues increased 9.3% to £63.6m as result of growing like-for-like sales from its core estate, contributions from new centre openings and a positive impact seen as a result of its refurbishment and rebranding programme.

Hollywood's adjusted EBITDA grew 13.4% across the group to £20.7m, while average centre EBITDA growth increased 6.4% on a like-for-like basis, outpacing revenue growth and "demonstrating the operational leverage inherent" within the firm's business model.

Pre-tax profits jumped 17.4% to £14.6m and earnings per share moved ahead 18.1% to 7.85p each.

In the first half of the year, Hollywood generated free cash flows of £11.0m and its continued positive trading performance further strengthened its balance sheet, reducing net debt by 46.6% to £7.2m.

Hollywood's board reiterated its confidence in the group's future cash flows and declared an interim dividend of 2.03p per share, up 12.8% year-on-year.

Stephen Burns, chief executive of Hollywood Bowl, said, "Hollywood Bowl has produced another strong financial performance this period due to our continued progress in delivering against our strategic goals; the acquisition and opening of new centres that complement our already very high-quality portfolio, creating modern, family-friendly entertainment environments, and our refurbishment programme which has continued to drive organic like-for-like growth through the constant evolution of our customer experience."

As of 0920 BST, Hollywood shares had picked up 0.90% to 225p.

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BOWL Market Data

Currency UK Pounds
Share Price 326.50p
Change Today -3.50p
% Change -1.06 %
52 Week High 350.50
52 Week Low 251.00
Volume 176,924
Shares Issued 172.08m
Market Cap £561.85m

BOWL Star Ratings

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What The Brokers Say

Strong Buy 4
Buy 3
Neutral 0
Sell 0
Strong Sell 0
Total 7
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BOWL Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Jun-24 01-Feb-24
Paid 10-Jul-24 23-Feb-24
Amount 3.98p 8.54p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 106,598 @ 326.50p
16:35 25 @ 326.50p
16:35 769 @ 326.50p
16:35 546 @ 326.50p
16:35 535 @ 326.50p

BOWL Key Personnel

CEO Stephen Burns
CFO Laurence Keen

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