Brighton Pier Group

Today’s news in brief – 29/07/24

The Brighton Pier Group’s H1 saw sales drop across the board due to bad weather that had impacted sales at the Pier, Lightwater Valley Family Adventure Park, Paradise Island Adventure Golf and its bars. Despite a warm and sunny spell in the last week, the group now anticipates full-year sales…

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Brighton Pier Group H1 sales falter due to poor weather

The Brighton Pier Group has reported that like-for-like sales in the first 18 weeks of the year were down by approximately £500k on the equivalent period in 2023, owing primarily to poor weather impacting trading on Brighton Palace Pier.  In recent months, the group revealed that poor weather has continued…

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Today’s news in brief – 26/09/23

Brighton Pier Group reported a decrease in total revenues, falling from £17.3m to £16.2m in H1, primarily due to declining sales in its bar division. Ongoing inflationary pressures impacted operating margins, resulting in lower earnings compared to the previous year. EBITDA dropped from £3m to £1.4m, with a loss before…

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Brighton Pier revenues fall in H1 amid declining bar sales

The Brighton Pier Group has revealed that total revenues were down from £17.3m to £16.2m in H1, following a decline in sales from the group’s bar division.  Following “exceptionally” strong trading from a post-pandemic surge in demand in the first half of 2022, ongoing inflationary pressures – in particular to…

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Brighton Pier Group reports ‘widespread decline’ in Q2

Brighton Pier Group has announced that total sales for the six months ending 25 June 2023 are expected to be in the region of £16.2m. The group said that the second quarter “has proved more difficult”, with sales remaining behind 2022. It added that the current macroeconomic environment is leading…

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Brighton Pier Group revenues hit £59m post-Covid

The Brighton Pier Group recently reported revenues of £58.9m for the 18 months ending 25 December 2022.  The majority of the revenues came from the group’s pier division, which accumulated a total of £25.3m, compared to £9.6m in 2021.  The results also show the business has rebounded strongly, especially by…

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Brighton Pier Group hits ‘record’ revenues of £40m in FY22

The Brighton Pier Group, owners of Brighton Pier Palace and nine bars across the UK, has reported record revenues of £40.1m, compared with  £13.5m in 2021, up 25% on the same pre-Covid period in 2019.  In the year to 26 June, 2022, the group reported EBITDA of £10.8m for the…

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Brighton Pier Group H1 sales top £23m amid strong NY trading

Brighton Pier Group has reported total sales of £22.7m for the 26-week period ending 26 December 2021, up 177% on the same period in 2020. Whilst trading was impacted in December due to the restrictions announced by the government, over New Year the bars recovered, trading 9% higher than in…

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Brighton Pier Group receives £1.4m payout from insurers

The Brighton Pier Group has announced that to date, it has received interim payments from its insurers totalling £1.4m in respect of Covid-related losses. The group, which owns and operates Brighton Palace Pier as well as indoor mini-golf sites and premium bars, had previously lodged claims with its insurers for…

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Brighton Pier Group revenue falls 29.4%

The Brighton Pier Group has reported a 29.4% decrease in revenue in its final financial results for this year to £22.6m. The group, which owns and operates Brighton Place Pier and 12 bars nationwide, said the prolonged closures due to lockdown resulted in “impairments to goodwill, property, plant and equipment…

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