This article is from the Australian Property Journal archive
ARDENT Leisure Group has lifted revenue by 19.3% and EBITDA by 8.9% on the back of strong growth in the Main Events and Goodlife businesses.
Group revenue for the quarter increased to $165.96 million and EBITDA to $37.20 million compared to the prior corresponding period.
Main Event recorded total revenues of US$37.42 million, up 30.8% on revenues of US$28.60 million in the prior year. The division achieved EBITDA of US$8.33 million, which represents a 28.2% increase on EBITDA of US$6.50 million for the prior corresponding period.
Goodlife delivered significant membership growth during the quarter underpinned by significant membership sales, which were up 32.8% and member attrition down 19.3% on prior corresponding periods.
Goodlife recorded EBITDA of $6.45 million for the quarter against EBITDA of $8.81 million in the prior corresponding period. A continuation of positive membership trends, sales of higher-value, longer term memberships and a much lower attrition rate are all leading towards a solid turnaround for the Goodlife business.
The theme park division recorded total revenues of $27.01 million, up 6.3% on prior year revenues of $25.42 million. EBITDA of $10.08 million was achieved for the quarter, representing a 4.8% increase on EBITDA of $9.62 million in the prior corresponding period.
The bowling division recorded a strong first quarter, with total revenues of $35.93 million, up 9.1% on prior year revenues of $32.93 million. EBITDA of $6.97 million was posted for the quarter, reflecting a 12.2% increase on prior year EBITDA of $6.21million.
The d’Albora Marinas business recorded total revenues of $4.84 million for the quarter, below prior year revenues of $5.13 million. EBITDA for the quarter was $2.04 million compared to EBITDA of $2.43 million in the prior year.
Australian Property Journal
