Immotion Group PLC AGM Trading Update
RNS Number : 7491Q
Immotion Group PLC
30 June 2022
Immotion Group plc
("Immotion", the "Company" or the "Group")
AGM Trading Update
To coincide with the Company's Annual General Meeting later
today, the Company is pleased to provide an update on recent
trading. All figures stated below are unaudited.
Trading in the first 5 months of the current financial year is
well ahead of the same period last year. Unaudited revenue in the
core Location Based Entertainment ("LBE") business for the 5 months
to 31 May 2022 was GBP3.4m (2021: GBP1.5m), a 127% increase. The
Company has seen very strong trading in June so far, the second
half of which benefits from the US school holidays, and we now look
forward to the busy summer period in our key markets.
Our 40 seat installation at Milwaukee County Zoo is expected to
open within the next few days and our 24 seat installation at
Pittsburgh Zoo is expected to open in July 2022 following a short
delay as a result of awaiting a necessary permit.
We have recently opened a new 6 seat installation at Audubon
Aquarium of the Americas, New Orleans, USA and early trading has
been very positive.
When the Milwaukee and Pittsburgh installations open, the
Company will have 478 operating seats installed at 52
Interest in both our aquarium and zoo offerings continues to run
high and numerous discussions are ongoing with significant
We continue to pursue the spin-off of both the Home Based
Entertainment business and Uvisan from the Group, as detailed in
the Company's announcement of 26 April 2022, and will provide
further updates as appropriate. The Company's primary objective
remains on focusing all cash and management resources to grow the
core LBE business.
For further information please visit www.immotion.co.uk , or
Immotion Group plc Martin Higginson firstname.lastname@example.org
WH Ireland Limited Jessica Cave Tel + 44 (0) 207 220 1666
(Nomad and Joint Broker) Darshan Patel
Alvarium Capital Partners Alex Davies Tel: +44 (0) 207 195 1458
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
LLP Erik Woolgar 9900
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(END) Dow Jones Newswires
June 30, 2022 02:00 ET (06:00 GMT)
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