Featured in today's Shares Magazine new issue14 Jan 2022 12:39
Today's new issue of Shares Magazine has a page-long feature on ADF (p.27). Interesting extracts:
"The firm’s average revenue per production has more than doubled in the last three years to £607,000 as programmes and films have become longer and more complex."
"For ADF, 2020 revenue was £8 million against nearer £16 million in 2019, but 2021 saw a dramatic rebound with the firm garnering £11.5 million of revenues in the
first half alone, putting it on track to top £20 million for the full year.
The recovery in EBITDA (earnings before interest, taxes, depreciation and amortisation) was even more impressive thanks to a combination of higher prices and higher fleet utilisation, with the increased revenues generated translating straight into earnings."
"Due to the material increase in the consumption of film and TV through streaming
services, all the major US streaming companies have set up permanent bases in the UK taking out studio leases of 10 years or more. This has driven the uptake of ADF’s services with the firm’s production fleet already almost fully booked for this year and customers having to book up to seven months in advance."
"Ultimately, the group has ambitions to grow its annual revenue to £100 million, ‘but that isn’t going to happen organically’ admits Richards. While it already has a large chunk of the UK market, there is scope to take further share with small
local bolt-on acquisitions.
There is also the potential to expand into complementary services like transporting lighting and sound equipment and props, making ADF a ‘one-stop shop’ for its film and TV clients."
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