The Hollywood Bowl Group Plc Board has declared an interim dividend of 3.27 pence per share. The ex-dividend date is 8 June 2023, with a record date of 9 June 2023 and a payment date of 5 July 2023.
Other financial highlights include:
o LFL revenue growth of 3.5% with a record first half Group revenue of £110.2m, up 9.7 per cent vs H1 FY2022. Excluding the effect of the reduced rate (TRR) of VAT in H1 FY2022, group revenues were up 20.7 per cent vs H1 FY2022
o Group adjusted EBITDA1 pre-IFRS 16 increased 13.2 per cent vs H1 FY2022 (excluding the TRR of VAT in H1 FY2022) to £35.1m
o Strong net cash position at 31 March 2023 of £44.1m; undrawn £25m revolving credit facility
