The Brighton Pier Group PLC today announces its unaudited results for the 26-week period ended 27 December 2020.
26 weeks ended
26 weeks ended
Group EBITDA before highlighted items
Group EBITDA after highlighted items
Operating profit before highlighted items
Operating profit after highlighted items
Profit before taxation and highlighted items
Profit before taxation after highlighted items
Net debt at the end of the period
Basic earnings per share (with highlighted items added back)
Basic earnings per share
Diluted earnings per share (with highlighted items added back)
Diluted earnings per share
*Highlighted items are detailed in note 5 to the financial statements and relate to gains arising on the extinguishment of lease liabilities following site disposals (less costs) in the current period and site pre-opening costs in the prior period.
Commenting on the results, Anne Ackord, Chief Executive Officer, said:
"We look forward to the reopening of all of our businesses, following what has been a traumatic time for the whole industry. We are encouraged by our performance during the relatively short times when we have been permitted to operate and have full confidence that the Group is well placed to take advantage of the opportunities that the anticipated staycation boom will present, along with the expected pent-up retail spend.
We are pleased to note that the combination of the strong summer trading in the Pier and Golf coupled with the receipt of interim business interruption payments have resulted in earnings before tax 44% ahead of the same period last year."