Martin Higginson of Immotion discusses H1 2022 which saw revenue increase by 95% on last year
Episode 838, Aug 18, 2022, 07:25 AM
Martin Higginson CEO of Immotion #IMMO discusses H1 2022 which saw revenue at the Group's core Location Based Entertainment business almost double to £4.4m from £2.3m in H1 2021.
Martin Higginson CEO of Immotion #IMMO discusses H1 2022 which saw revenue at the Group's core Location Based Entertainment business for almost double to £4.4m from £2.3m in H1 2021.
Highlights
Unaudited revenue at the Group's core Location Based Entertainment ("LBE") business for H1 2022 almost doubled to £4.4m (from £2.3m in H1 2021).
In addition, the LBE business is currently enjoying very strong trading in the key summer period, with unaudited July 2022 revenue of £1.3m being the division's best ever month. This takes unaudited LBE revenue for the seven months to 31 July 2022 to £5.7m, a 78% increase from £3.2m in the equivalent period in 2021.
August 2022 has also started very strongly.
Furthermore, we recently completed two small-scale installations at Chester Zoo and Legoland Discovery Center Philadelphia and so the Group now has 488 seats across 54 locations. The Group has visibility on a pipeline of new sites and additional seats at certain existing sites. Should all these developments materialise, the Directors expect that the Group will comfortably pass the 500 seat mark by the end of H2 2022.
Read the full RNS here
Highlights
Unaudited revenue at the Group's core Location Based Entertainment ("LBE") business for H1 2022 almost doubled to £4.4m (from £2.3m in H1 2021).
In addition, the LBE business is currently enjoying very strong trading in the key summer period, with unaudited July 2022 revenue of £1.3m being the division's best ever month. This takes unaudited LBE revenue for the seven months to 31 July 2022 to £5.7m, a 78% increase from £3.2m in the equivalent period in 2021.
August 2022 has also started very strongly.
Furthermore, we recently completed two small-scale installations at Chester Zoo and Legoland Discovery Center Philadelphia and so the Group now has 488 seats across 54 locations. The Group has visibility on a pipeline of new sites and additional seats at certain existing sites. Should all these developments materialise, the Directors expect that the Group will comfortably pass the 500 seat mark by the end of H2 2022.
Read the full RNS here