As with many other companies in the leisure sector, 2023 was a challenging year for Brighton Pier Group (BPG), with cost-of-living pressures, train strikes and poor weather affecting footfall and revenue across much of the estate, whilst significant cost inflation further impacted margins. Nevertheless, all four divisions generated positive EBITDA, and at the group level, adj. EBITDA of £4.2m was in-line with our forecast. Trading this year has started slowly (revenue -5% YoY) as bad weather has ....
08 May 2024
Brighton Pier Group - FY23A in line; initiatives taken to support future profita
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Brighton Pier Group - FY23A in line; initiatives taken to support future profita
Brighton Pier Group Plc (PIER:LON) | 45.0 0.2 1.1% | Mkt Cap: 16.8m
- Published:
08 May 2024 -
Author:
Peter Renton -
Pages:
12
As with many other companies in the leisure sector, 2023 was a challenging year for Brighton Pier Group (BPG), with cost-of-living pressures, train strikes and poor weather affecting footfall and revenue across much of the estate, whilst significant cost inflation further impacted margins. Nevertheless, all four divisions generated positive EBITDA, and at the group level, adj. EBITDA of £4.2m was in-line with our forecast. Trading this year has started slowly (revenue -5% YoY) as bad weather has ....