The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

Pin to quick picksESC.L Share News (ESC)

  • There is currently no data for ESC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Escape Hunt trading 'encouraging' since reopening

Mon, 28th Jun 2021 10:30

(Sharecast News) - Escape rooms operator Escape Hunt said on Monday that trading in the five weeks ended 20 June had been "encouraging" in both its established and new sites.
Revenues for the five-week period since reopening its UK owner-operated sites were up 47% year-on-year, while on a like-for-like basis, revenues from the company's eight established UK owner-operated sites open in the same period in 2019 made up 87% of the revenue in the same period in 2019.

Escape Hunt also said it was still benefitting from initiatives implemented during 2020 to improve site-level margins, as well as a temporary reduction to its VAT rate.

As a result, estimated earnings before interest, tax, depreciation and amortisation at site level for the five weeks to 20 June was 310% of the site level EBITDA in the same five weeks in 2019.

On a like-for-like basis, site-level EBITDA from the company's eight established sites was 189% of its 2019 equivalent.

Chief executive Richard Harpham said: "We are delighted to have seen a healthy return of demand from consumers in the short period since our UK sites have been able to re-open and are pleased that we are realising the benefits of the efficiency measures implemented, leading to a significant improvement in our UK site-level EBITDA.

"The performance of our new sites in particular, gives us confidence in our strategy to continue to expand our network and we have a well-developed pipeline of attractive opportunities within a favourable property landscape. Where our franchisees have been able to operate without undue restriction, demand appears to be returning. Whilst there are undoubtedly still Covid-related risks to trading in the near term, performance in the last few weeks gives us cause for cautious optimism."

As of 1030 BST, Escape Hunt shares were down 3.08% at 37.80p.
More News
26 Feb 2021 14:22

IN BRIEF: Escape Hunt Expects Narrowed 2020 Loss; Buys French Partner

IN BRIEF: Escape Hunt Expects Narrowed 2020 Loss; Buys French Partner

Read more
26 Feb 2021 13:12

Escape Hunt upbeat on outlook, agrees acquisition of French franchise

(Sharecast News) - Escape room experience operator Escape Hunt has exchanged contracts to acquire its French master franchise partner BGP Escape, it announced on Friday.

Read more
22 Jan 2021 14:26

IN BRIEF: Escape Hunt To Raise GBP1.4 Million For BGP Escape Buy

IN BRIEF: Escape Hunt To Raise GBP1.4 Million For BGP Escape Buy

Read more
21 Dec 2020 18:10

UK TRADING UPDATE SUMMARY: Novacyt Tests Can Spot New Virus Strain

UK TRADING UPDATE SUMMARY: Novacyt Tests Can Spot New Virus Strain

Read more
14 Dec 2020 19:35

UK TRADING UPDATE SUMMARY: Airtel Investor To Sell 60 Million Shares

UK TRADING UPDATE SUMMARY: Airtel Investor To Sell 60 Million Shares

Read more
14 Dec 2020 11:51

Escape Hunt to open Watford site, prepares for Kingston

(Sharecast News) - Escape rooms experience operator Escape Hunt announced further progress on its UK owner-operated estate on Monday, confirming that the formal opening of its newest site in Watford was now scheduled for 27 December.

Read more
30 Nov 2020 16:51

IN BRIEF: Escape Hunt Set To Resume Operations, Opens New Site

IN BRIEF: Escape Hunt Set To Resume Operations, Opens New Site

Read more
30 Nov 2020 11:29

Escape Hunt confirms reopening plans for England sites

(Sharecast News) - Escape room experience operator Escape Hunt updated the market on its opening plans for the UK owner-operated estate on Monday, with the looming end of the second nationally-enforced England lockdown.

Read more
4 Nov 2020 18:25

UK TRADING UPDATE SUMMARY: Wilmington Encouraged By Quarterly Results

UK TRADING UPDATE SUMMARY: Wilmington Encouraged By Quarterly Results

Read more
29 Oct 2020 17:05

IN BRIEF: Escape Hunt Opens New Site In Basingstoke

IN BRIEF: Escape Hunt Opens New Site In Basingstoke

Read more
20 Oct 2020 15:53

Escape Hunt buys out Dubai franchisee

(Sharecast News) - Escape room-based leisure operator Escape Hunt has acquired its Middle East master franchise partner, Escape Hunt Entertainment (EHE), subject to the formal registration of the sale, expected on 22 October.

Read more
20 Oct 2020 14:28

IN BRIEF: Escape Hunt Completes Buy Of Middle East Franchise Partner

IN BRIEF: Escape Hunt Completes Buy Of Middle East Franchise Partner

Read more
19 Oct 2020 16:48

UK EXECUTIVE CHANGE SUMMARY: DeepMatter Appoints New Chair And CFO

UK EXECUTIVE CHANGE SUMMARY: DeepMatter Appoints New Chair And CFO

Read more
29 Sep 2020 14:33

UK EARNINGS SUMMARY: John Menzies Struggles As Travel Demand Plunges

UK EARNINGS SUMMARY: John Menzies Struggles As Travel Demand Plunges

Read more
24 Sep 2020 17:35

UK TRADING UPDATE SUMMARY: Personal Group Lauds Royal Mail Contract

UK TRADING UPDATE SUMMARY: Personal Group Lauds Royal Mail Contract

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.