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(Sharecast News) - Leisure business XP Factory said on Tuesday that underlying earnings for year ended 31 March were expected to be at "the upper end" of market expectations.
XP Factory said it had delivered record FY revenues of £57.3m, up 17% year-on-year, with Escape Hunt revenues growing 7% to £14.1m and Boom Battle Bar revenues surging 30% to £41.9m. Total group like-for-like revenues were 2.5% higher.
As a result, XP Factory said adjusted underlying earnings were expected to be at the upper end of market expectations of £6.2m to £6.4m, ahead of FY24's £5.1m adjusted EBITDA performance.
Chief executive Richard Harpham said: "I am delighted that XP Factory has delivered another year of strong and profitable growth, reflecting our customers' demand for fun and affordable leisure activities, and our team's dedication to providing market-leading levels of customer satisfaction.
"Whilst macro uncertainties remain and unseasonal weather has impacted our most recent trading, we are confident in our outlook. Our new sites continue to generate industry-leading returns on capital and we are excited about the growth runway ahead of us as we progress in our strategy to double EBITDA to £13.0m by FY28."
As of 1145 BST, XP Factory shares were up 4.55% at 11.50p.
Reporting by Iain Gilbert at Sharecast.com
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