Brighton Pier Group (BPG) has released an encouraging H1/22E trading update, with group revenue of £22.7m representing a 177% YoY increase, and up 31% versus the same (pre-Covid) period in 2019. All divisions traded well, including the Bars division (LFL revenue +27% vs 2019) which, despite current restrictions having an impact in December, had a robust finish to the year. The group continues to be solidly cash generative, enabling management to repay an expected £7.7m of bank debt by FY22E. Th ....
17 Jan 2022
Cenkos: Brighton Pier Group Plc -- Trading “comfortably in line” for FY22E
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Cenkos: Brighton Pier Group Plc -- Trading “comfortably in line” for FY22E
Brighton Pier Group Plc (PIER:LON) | 45.0 -0.2 (-1.1%) | Mkt Cap: 16.8m
- Published:
17 Jan 2022 -
Author:
Peter Renton -
Pages:
5
Brighton Pier Group (BPG) has released an encouraging H1/22E trading update, with group revenue of £22.7m representing a 177% YoY increase, and up 31% versus the same (pre-Covid) period in 2019. All divisions traded well, including the Bars division (LFL revenue +27% vs 2019) which, despite current restrictions having an impact in December, had a robust finish to the year. The group continues to be solidly cash generative, enabling management to repay an expected £7.7m of bank debt by FY22E. Th ....