28 Mar 2022
Cenkos: Brighton Pier Group Plc -- Upgrading FY22E forecasts for a second time
Brighton Pier Group (BPG) has released very positive interim results, with group revenue up 33% on H1/19A (ie pre-Covid) to £22.8m (+178% YoY), Adj EBITDA of £7.9m (H1/20A £2.0m), and a £4.9m reduction in net debt over the six months. All divisions traded well, as the group capitalised on the rise in UK staycations and pent-up demand for leisure activities. Positive momentum has continued into H2/22E, meaning that BPG is trading ahead of expectations for the full year. Following our 85% upgrade ....
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Cenkos: Brighton Pier Group Plc -- Upgrading FY22E forecasts for a second time
Brighton Pier Group Plc (PIER:LON) | 45.5 0 0.0% | Mkt Cap: 17.0m
- Published:
28 Mar 2022 -
Author:
Peter Renton -
Pages:
7
Brighton Pier Group (BPG) has released very positive interim results, with group revenue up 33% on H1/19A (ie pre-Covid) to £22.8m (+178% YoY), Adj EBITDA of £7.9m (H1/20A £2.0m), and a £4.9m reduction in net debt over the six months. All divisions traded well, as the group capitalised on the rise in UK staycations and pent-up demand for leisure activities. Positive momentum has continued into H2/22E, meaning that BPG is trading ahead of expectations for the full year. Following our 85% upgrade ....