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Wed 13th Mar 2019 - Update: Everyman Group, Eagle Eye
Everyman Group becomes fifth largest UK cinema operator with 26 sites: Cinema company Everyman Media Group has reported revenue for the 53 weeks ended 3 January 2019 was up 27.7% on last year to £51,880,000 (2017: £40,620,000). The group’s adjusted operating profit was up 38.2% to £9,150,000 (2017: £6,619,000). The group generated a operating profit for the year of £2,876,000 (2017: £1,624,000) and generated a profit after tax for the year of £2,037,000 (2017: £1,268,000). Admissions were up 25% on last year to 2.8m (2017: 2.2m). A further five new Everyman venues opened in the last 12 months, growing the estate to 26 sites and 84 screens as at 12 March 2019. Everyman has a further 14 committed venues, of which seven are expected to open in 2019. By the end of 2018, Everyman had become the fifth largest cinema business in the UK. The group opened new sites during the year in York (four screens, 29 December 2017), Glasgow (three screens, October 2018), Altrincham (four screens, November 2018), Crystal Palace (four screens, November 2018) and Liverpool (four screens, December 2018). The group conditionally exchanged contracts on six further sites in Cardiff, London Broadgate, Manchester, Clitheroe, Northallerton and Plymouth during the year. In March 2018, the group completed on the purchase of the freehold of a site in Crystal Palace, London for £3.225m. Executive chairman Paul Wise said: “The group continues to balance the development and growth of the pipeline for new venues with the opportunities for growth within our existing estate. Progress in this latter area has been strong in 2018 with admissions, food and beverage revenue and other ancillary income from the continuing estate growing well. The directors believe that continuing to achieve growth in both of these areas will enable us to increase our customer base and frequency of visits in communities across the country whilst continuing to deliver exciting growth for the business and for our shareholders.” 

Eagle Eye reports revenue growth in First Half, losses narrow: Eagle Eye, which creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, has reported revenue increased by 30% to £8m in the six months ended 31 December 2018. Its loss before tax was £1,764,000 compared to a loss of £2,466,000 for the same period the year before. Client wins included Burger King and “two premium restaurant brands” during the period. Tim Mason, chief executive of Eagle Eye, said: “We are pleased to report on a first half in which we have delivered against all our stated objectives. We continue to make strong financial and operational progress. We are delighted to add Waitrose and Burger King to our client roster, giving us further evidence that major blue chip companies see the Eagle Eye AIR platform as a key part of competing in today’s digital retail environment.” The company stated: “The signing of a three-year contract with Burger King for 74 outlets in November 2018 represented our first quick service restaurant customer win, demonstrating the attraction of the platform outside our traditional sectors. We were also delighted to sign, in February 2019, a contract for resort loyalty with Unruled Ltd representing the successful Ibiza Rocks brand, operators of Ibiza Rocks Hotel, events, bars and restaurants. This provides further evidence of the relevance of our offering in other sectors. The revenue from branded drinks campaigns has continued to grow year-on-year, generating revenue of £181k in H1 2019 (H1 2018: £118k), driven by both the increased number of campaigns and increased average value per campaign. Clients include Diageo, Heineken, AB InBev and Pernod Ricard, who use innovative and creative channels to deliver brand activation coupon campaigns to consumers by connecting to the Eagle Eye F&B network. New channels used during the period included chatbots and mobile app-based games; brand-specific campaigns promoted Beck’s Blue, Bulmers and Gordon’s Gin.”

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