15 Feb 2023
Cenkos: Brighton Pier Group Plc -- 18-month trading update
Brighton Pier Group (BPG) has released a solid trading update for the 18-months to December 2022, with revenues of £58.9m being up 19% on the same pre-Covid period. Current trading is in-line with market expectations. We update our FY23E forecasts to align with the new December year-end, which results in a slight reduction in Adj EBITDA (-4% to £6.5m) to reflect the more challenging economic environment that this period now spans. Whilst profitability is currently being impacted by elevated cost ....
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Cenkos: Brighton Pier Group Plc -- 18-month trading update
Brighton Pier Group Plc (PIER:LON) | 47.0 0 0.0% | Mkt Cap: 17.5m
- Published:
15 Feb 2023 -
Author:
Peter Renton -
Pages:
7
Brighton Pier Group (BPG) has released a solid trading update for the 18-months to December 2022, with revenues of £58.9m being up 19% on the same pre-Covid period. Current trading is in-line with market expectations. We update our FY23E forecasts to align with the new December year-end, which results in a slight reduction in Adj EBITDA (-4% to £6.5m) to reflect the more challenging economic environment that this period now spans. Whilst profitability is currently being impacted by elevated cost ....