Edition:
United States

EI Group PLC (EIGE.L)

EIGE.L on London Stock Exchange

169.00GBp
11:52am EDT
Change (% chg)

1.60 (+0.96%)
Prev Close
167.40
Open
168.00
Day's High
169.20
Day's Low
168.00
Volume
393,648
Avg. Vol
936,195
52-wk High
173.20
52-wk Low
114.20

Latest Key Developments (Source: Significant Developments)

EI Group HY Underlying EBITDA Falls
Tuesday, 15 May 2018 02:00am EDT 

May 15 (Reuters) - EI Group PLC ::EI GROUP PLC - HY UNDERLYING EBITDA OF £139 MILLION VERSUS £140 MILLION IN H1 2017.EI GROUP PLC - HY UNDERLYING PROFIT BEFORE TAX OF £57 MILLION VERSUS £57 MILLION IN H1 2017.EI GROUP PLC - FURTHER GROWTH IN NET ASSET VALUE TO £3.26 PER SHARE IN HY VERSUS £3.01 PER SHARE IN H1 2017.EI GROUP PLC - MAINTAINED GROWTH MOMENTUM IN LEASED AND TENANTED ESTATE DURING FIRST HALF OF YEAR.EI GROUP PLC - ON TRACK TO DELIVER POSITIVE LIKE-FOR-LIKE NET INCOME GROWTH IN LEASED AND TENANTED BUSINESS FOR FULL YEAR.EI GROUP PLC - MANAGED OPERATIONS CONTINUE TO TRADE WELL, WITH GOOD RETURNS ACHIEVED UPON CONVERSION.EI GROUP PLC - EXPECT FINANCIAL CONTRIBUTION FROM CONVERSIONS IN MANAGED OPERATIONS TO INCREASE IN COMING YEARS.  Full Article

EI Group Says ‍Like-For-Like Net Income Growth Of 0.5 Pct In 18 Weeks To Feb 3
Thursday, 8 Feb 2018 02:01am EST 

Feb 8 (Reuters) - EI Group Plc ::‍LIKE-FOR-LIKE NET INCOME GROWTH OF 0.5% IN 18 WEEKS TO 3 FEBRUARY 2018​.‍"MARKET CONDITIONS AND UNHELPFUL WEATHER HAVE HAD SOME IMPACT ON OUR PERFORMANCE THIS YEAR"​.PUBS THAT HAVE TRADED AS MANAGED PUBS THROUGHOUT BOTH 18 WEEKS AND PRIOR COMPARATIVE PERIOD DELIVERED LIKE-FOR-LIKE SALES GROWTH OF 6.8%​.  Full Article

EI Group posts H1 underlying PBT of 57 mln pounds
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - EI Group Plc :Interim results.Announces its interim results for six months ended 31 March 2017.H1 underlying EBITDA of £140 million (H1 2016: £142 million), in line with expectations and reflecting impact of planned disposals.H1 underlying profit before tax of £57 million (H1 2016: £57 million) as interest savings from reduced debt offset reduction in EBITDA.H1 statutory profit after tax reduced to £10 million (H1 2016: £33 million).Continued momentum with like-for-like net income up 1.6% (H1 2016: up 1.8%) and growth delivered across all geographic regions.Initial phases of implementation of new pubs code progressing in line with expectations.H1 like-for-like net income up 1.1% (H1 2016: 6.3%), with future like-for-like net income growth expected to normalise in line with inflation.H1 total capital investment of £35 million (H1 2016: £30 million).Trading in first six weeks of second half of year has been strong, assisted by timing of easter holiday period.We expect our trading performance to reflect more challenging comparatives in June and july as we benefited from uefa euro football championship last year.We are mindful of potential for continuing economic uncertainty over coming months.Remain vigilant regarding possible headwinds from pubs code depending upon its interpretation and application..We are confident that we will continue to deliver positive like-for-like net income growth in our leased, tenanted and commercial estates for full year.  Full Article

Enterprise Inns say on track to deliver FY expectations; changes name to Ei Group Plc
Thursday, 9 Feb 2017 02:00am EST 

Enterprise Inns Plc : Says reporting like-for-like net income growth of 1.6% in 18 weeks to 4 february 2017 . Company is changing its name today from Enterprise Inns Plc to Ei Group Plc . Says trading performance and expansion of our managed house businesses is progressing in line with our expectations . Says continue to expect to have in region of 250 managed houses operational by 30 september 2017 . We are on track to deliver our expectations for full financial year. . Expect to be operating in region of 400 commercial properties by financial year end .Of these, 181 traded throughout this reporting period and prior period, delivering like-for-like net income growth of 2.1%..  Full Article

Enterprise Inns FY underlying pretax profit flat at 122 mln stg
Tuesday, 15 Nov 2016 02:38am EST 

Enterprise Inns Plc : Ebitda. before exceptional items of £292 million (2015: £296 million), in line with expectations and reflecting impact of planned disposals . Continued momentum with leased and tenanted like-for-like net income up 2.1 pct (2015: up 0.8 pct) with growth achieved across all geographic regions . Improved trading and enhanced operational support have helped to further reduce unplanned business failures, down 14 pct compared to prior year . Total number of pubs trading within our 100 pct owned managed operations business at 15 november 2016 has grown to 105 . Preliminary announcement for financial year ended 30 september 2016 . Profit before tax and exceptional items of £122 million (2015: £122 million) as interest savings from reduced debt offset reduction in ebitda. . Profit after tax of £71 million (2015: £65 million loss), primarily due to lower exceptional refinancing costs and lower property charges arising from annual estate valuation. . Fy adjusted earnings per share # up to 19.6p (2015: 19.4p) . Trading in first six weeks of new financial year has been in line with our expectations .Fy underlying pretax profit 122 million stg versus 122 million stg year ago.  Full Article

REFILE-UPDATE 1-Britain's Ei Group explores commercial properties sale (Sept. 6)

Sept 6 Britain's largest pub owner Ei Group Plc said on Thursday it had appointed Rothschild & Co to explore options including a full or partial sale of its commercial properties business.