Business
Final Results - Year Ending 30 September 2017
Final Results - Year Ending 30 September 2017.
About this update from Hollywood Bowl Group Plc
[{"type":"text","content":"\n \nRNS Number : 8839Y Hollywood Bowl Group plc 11 December 2017 \n\n11 December 2017\nHollywood Bowl Group plc\n \nSTRONG REVENUE AND PROFIT GROWTH DELIVERED\nTHROUGH SUCCESSFUL EXECUTION OF STRATEGY\n \nHollywood Bowl Group plc (\"Hollywood Bowl\"), the UK's largest ten-pin bowling operator, is pleased to announce its audited results for the year ended 30 September 2017 (FY2017).\n \nFinancial highlights\n\n\n\n\n \n\n\n12 months ended\n30 September 2017\n\n\n12 months ended\n30 September 2016\n\n\n% Movement\n\n\n\n\nTotal revenues\n\n\n£114.0m\n\n\n£104.8m(1)\n\n\n+8.8%\n\n\n\n\nLike for like revenues (2)\n\n\n+3.5%\n\n\n+6.5%\n\n\n \n\n\n\n\nGroup adjusted EBITDA(3)\n\n\n£33.4m\n\n\n£29.4m\n\n\n+13.7%\n\n\n\n\nGroup adjusted EBITDA margin\n\n\n29.3%\n\n\n28.0%\n\n\n \n\n\n\n\nOperating profit\n\n\n£22.2m\n\n\n£14.4m\n\n\n+54.4%\n\n\n\n\nProfit before tax\n\n\n£21.1m\n\n\n£2.6m\n\n\n \n\n\n\n\nEarnings per share\n\n\n12.17p\n\n\n1.12p\n\n\n \n\n\n\n\nNet debt\n\n\n£8.1m\n\n\n£20.8m\n\n\n-61.1%\n\n\n\n\nInterim ordinary dividend paid per share\n\n\n1.80p\n\n\n-\n\n\n \n\n\n\n\nFinal ordinary dividend per share\n\n\n3.95p\n\n\n0.19p\n\n\n \n\n\n\n\nSpecial dividend per share\n\n\n3.33p\n\n\n-\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOperational Highlights/Progress\n \n· Refurbishment and rebranding programme progressing well, delivering returns, ahead of expectations\no Six further transformational refurbishments completed\no Four Bowlplex rebrands completed in the year\n· New centre opening plan on track\no Three new centres opened in the year, all performing strongly\no One new centre already opened in FY2018\n· Increased capacity utilisation and average spend\no Total game volumes increased 8.5%; 13 million games bowled\no LFL game volumes increased 3.1%\no Spend per game increased 0.8%, to £8.70\n· Strong cash generation resulting in over £13.6m cash being returned to shareholders for the year\no Final ordinary dividend of 3.95 pence per share\no Special dividend of 3.33 pence per share\no Total dividend of 9.08 pence per share for the year\n \nStephen Burns, Chief Executi...