Ten Lifestyle Group (TENG)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 66.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 103.50
  • 52 Week Low: 61.50
  • Currency: UK Pounds
  • Shares Issued: 86.57m
  • Volume: 0
  • Market Cap: £57.78m

Ten Lifestyle hits record H1 adjusted EBITDA profitability

By Iain Gilbert

Date: Tuesday 19 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Travel and lifestyle concierge business Ten Lifestyle Group said on Tuesday that it had reached record adjusted underlying earnings profitability in the first half of its trading year, with active membership continuing to grow throughout the period.
Ten Lifestyle said adjusted EBITDA was expected to be roughly £5.3m in H1, up 7% on the prior year, as it continues to benefit from improved operational efficiencies.

Net revenue was pegged to be approximately £30.9m, in line with the first half of the prior year, as active members continued to grow, up 13% on the first half of the prior year to 356,000. It also said it had secured and launched some significant contracts during the period that were expected to generate revenue in the second half of the year.

Chief executive Alex Cheatle said: "We remain focused on increasing adjusted EBITDA profitability and cash generation, with our investments in technology, including generative AI, creating pathways to improve efficiencies and service levels as we continue to grow. We also continue to convert our strong pipeline of new business, with new contract wins and developments expected to underpin revenue growth in H2 2024."

As of 1010 GMT, Ten Lifestyle shares were down 0.78% at 76.16p.











Reporting by Iain Gilbert at Sharecast.com

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TENG Market Data

Currency UK Pounds
Share Price 66.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 103.50
52 Week Low 61.50
Volume 0
Shares Issued 86.57m
Market Cap £57.78m

TENG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.37% below the market average62.37% below the market average62.37% below the market average62.37% below the market average62.37% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Price Trend
36.47% below the market average36.47% below the market average36.47% below the market average36.47% below the market average36.47% below the market average
46.43% below the sector average46.43% below the sector average46.43% below the sector average46.43% below the sector average46.43% below the sector average
Income Not Available
Growth
33.29% above the market average33.29% above the market average33.29% above the market average33.29% above the market average33.29% above the market average
1.89% below the sector average1.89% below the sector average1.89% below the sector average1.89% below the sector average1.89% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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TENG Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

TENG Key Personnel

CEO Alex Cheatle
COO Andrew Long
CFO Alan Donald

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