Immotion Group PLC Trading Update (3084A)
01 Junio 2021 - 1:00AM
UK Regulatory
TIDMIMMO
RNS Number : 3084A
Immotion Group PLC
01 June 2021
1 June 2021
Immotion Group plc
("Immotion", the "Company" or the "Group")
Trading Update
Immotion Group, the UK-based immersive entertainment group, is
pleased to confirm that with effect from 1 June 2021 all Covid
related capacity restrictions have been lifted in Las Vegas, home
to our largest location-based installation at Shark Reef Aquarium,
part of the Mandalay Bay Resort and Casino.
The Company is further pleased to announce that, following the
relaxation of restrictions in the majority of its US and UK
locations, we have continued to see revenues recover strongly at
our Location-based Entertainment (LBE) locations.
Having reported an almost two-fold increase in revenue at our
LBE locations for the month of March 2021 (compared to February
2021) we are pleased to report continued strong growth. April
2021's un-audited revenue in the partner business was GBP402k -
setting a new monthly record and representing a circa 35% increase
on March 2021.
Growth has continued in May, bolstered by the reopening of our
UK sites on 17 May 2021, which have seen a very encouraging first
two weeks of trading.
We remain confident that, as long as there are no material
reversals with regard to the pandemic, the Group should be well set
for a strong and profitable summer season in its key US and UK
markets.
A further update on trading will be made at our Annual General
Meeting on 30 June 2021.
Martin Higginson, Immotion Group CEO said: "After an extremely
tough period we are very pleased to report a strong recovery of
revenues. April was a record month for our LBE business and May is
looking even stronger. The continued lifting of restrictions,
combined with what we believe will be a bumper Summer of
staycations, bodes extremely well."
Enquiries:
For further information please visit www.immotion.co.uk , or
contact:
Immotion Group Martin Higginson Tel + 44 (0) 207
David Marks 220 1666
WH Ireland Limited Adrian Hadden Tel + 44 (0) 207
(Nomad and Joint Darshan Patel 220 1666
Broker) Matthew Chan
Alvarium Capital Alex Davies Tel: +44 (0) 207
Partners 195 1458
(Joint Broker)
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
LLP Erik Woolgar 9900
(Co-Broker)
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END
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June 01, 2021 02:00 ET (06:00 GMT)
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