We had already upgraded our FY22E Adj EBITDA forecast twice this year, and in its full year trading update, Brighton Pier Group (BPG) announces that it has further outperformed expectations, with Adj EBITDA of £10.8m ahead of our £10.4m forecast. All divisions performed well, with LFL sales comfortably ahead of pre-Covid levels. Given the sharp deterioration in the UK (and global) economic outlook seen this calendar year, with inflation continuing to rise and consumers facing a ‘cost of living c ....
26 Jul 2022
Cenkos: Brighton Pier Group Plc -- FY22E results ahead of expectations
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Cenkos: Brighton Pier Group Plc -- FY22E results ahead of expectations
Brighton Pier Group Plc (PIER:LON) | 45.5 0 0.0% | Mkt Cap: 17.0m
- Published:
26 Jul 2022 -
Author:
Peter Renton -
Pages:
6
We had already upgraded our FY22E Adj EBITDA forecast twice this year, and in its full year trading update, Brighton Pier Group (BPG) announces that it has further outperformed expectations, with Adj EBITDA of £10.8m ahead of our £10.4m forecast. All divisions performed well, with LFL sales comfortably ahead of pre-Covid levels. Given the sharp deterioration in the UK (and global) economic outlook seen this calendar year, with inflation continuing to rise and consumers facing a ‘cost of living c ....