Share Name Share Symbol Market Type Share ISIN Share Description
Ten Ent Grp LSE:TEG London Ordinary Share GB00BF020D33 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.44% 227.00p 220.00p 234.00p 232.00p 232.00p 232.00p 3,602 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 71.0 7.3 8.0 28.5 147.55

Ten Entertainment Group PLC Trading Statement

12/07/2018 7:00am

UK Regulatory (RNS & others)


TEG Group (LSE:TEG)
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6 Months : From Apr 2018 to Oct 2018

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RNS Number : 3750U

Ten Entertainment Group PLC

12 July 2018

12 July 2018

Ten Entertainment Group plc

Half-Year Trading Update

"Good growth in sales. On track to deliver in line with full-year expectations."

Ten Entertainment Group plc ("TEG" or "the Group"), a leading UK based operator of 44 bowling and family entertainment centres, today announces a trading update for the 26 weeks to 1 July 2018.

 
                                      H1 FY18 
-----------------------------------  -------- 
 Sales (GBP000's)                      37,804 
 Like-for-like sales change              3.1% 
 Sales growth from net new centres       4.6% 
 Total sales change                      7.7% 
 
 
 
      --   The Group traded well during the first half of the financial 
            year, with total sales growth of 7.7% and like-for-like 
            sales growth of 3.1%. A good performance achieved despite 
            the unprecedented hot and dry weather conditions throughout 
            the whole of May and June. 
      --   The Group continued to expand the size of the estate with 
            the acquisition of four sites during the first half. This 
            has achieved the upper-end of our acquisitions forecast 
            for FY18, well ahead of schedule. Tenpinisation is well 
            underway, and extensive refurbishment works at the acquired 
            sites will be completed ahead of the fourth quarter. 
      --   Group adjusted EBITDA performance for the first half is 
            expected to be in in line with our expectations, and we 
            expect to remain on track to meet market expectations for 
            the full year. 
 

TEG expects to announce its half-year results on 12 September 2018.

Alan Hand, Chief Executive Officer, commented:

"The business has shown resilience to achieve good like-for-like sales growth and a very solid performance during the half. We are positioned well for the second half of the year and into 2019."

Enquiries:

   Ten Entertainment Group plc                                                 via Instinctif Partners 
   Alan Hand         Chief Executive Officer 
   Mark Willis        Chief Financial Officer 

Instinctif Partners Tel: 020 7457 2020

Matthew Smallwood

Tom Berger

Forward-looking statements

This announcement contains forward-looking statements regarding TEG. These forward-looking statements are based on current information and expectations and are subject to risks, uncertainties and assumptions, including market conditions and other factors outside of TEG's control that could cause actual results or events to differ materially from those expressed or implied by those statements. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. TEG undertakes no obligations to publicly update any forward-looking statement contained in this release, whether as a result of new information, future developments or otherwise, except as may be required by law.

About Ten Entertainment Group plc

The Group is the second largest ten-pin bowling operator in the UK market with a total of 44 sites trading under the Tenpin brand and approximately 1,000 bowling lanes across the estate. The Group also has a variety of other entertainment offerings, such as amusement machines, table-tennis, soft play, laser games and pool tables, plus food and beverages.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 12, 2018 02:00 ET (06:00 GMT)

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