UK FEC operator Ten Entertainment Group has reported strong first half financial results with a total sales growth of nearly 10 per cent on the previous year.
Its focus on improving the customer experience, new acquisitions and redevelopment including diversifying its attraction offerings have been the main drivers.
Positive results from the roll-out of QubicaAMF’s HyperBowl system and recent agreement for a joint venture with escape room operator Houdini’s to roll out escape rooms nationally are two of the main highlights from the operators recent growth, with another concept site under development to trial further customer innovations.
Total sales from the 26 weeks to June 30, 2019 came in at £41.1m, up 9.6 per cent from the previous year, which saw a like for like sale growth of 7.4 per cent. Group adjusted EBITDA hit £11.2m. The company anticipates long-term average growth in like-for-like of 4-6 per cent.
“Our growth strategy continues to generate record sales, profits and earnings for shareholders,” said Nick Basing, chairman. “We look forward to further tapping into the potential of our strengthening position in the rapidly growing experiential leisure market.”
Duncan Garrood, chief executive officer, said: “We have had a strong first half delivering to our expectations. Operationally, we continue to make progress building an even better business and providing customers with an excellent experience. We are excited about our plans to unlock the potential inherent in the business.”
