The Brighton Pier Group, owner of Brighton Pier and 14 premium bars, has announced FY17 results showing adjusted EBITDA doubling to £5.2m slightly ahead of our £5.1m expectation. Adjusted PBT more than trebled to £3.5m which was ahead of our £3.1m estimate helped by lower than expected depreciation and interest. The results benefited from a 12 month contribution from Brighton Pier (acquired in April 2016) which performed well benefiting from good summer weather and int
29 Sep 2017
FY results – Solid progress and accelerated investment
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FY results – Solid progress and accelerated investment
Brighton Pier Group Plc (PIER:LON) | 45.5 0 0.0% | Mkt Cap: 17.0m
- Published:
29 Sep 2017 -
Author:
Ian Berry -
Pages:
7
The Brighton Pier Group, owner of Brighton Pier and 14 premium bars, has announced FY17 results showing adjusted EBITDA doubling to £5.2m slightly ahead of our £5.1m expectation. Adjusted PBT more than trebled to £3.5m which was ahead of our £3.1m estimate helped by lower than expected depreciation and interest. The results benefited from a 12 month contribution from Brighton Pier (acquired in April 2016) which performed well benefiting from good summer weather and int