EVT Ltd (ASX:EVT)
A$ 11.23 -0.06 (-0.53%) Market Cap: 1.83 Bil Enterprise Value: 3.05 Bil PE Ratio: 387.24 PB Ratio: 1.89 GF Score: 78/100
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Half Year 2021 Event Hospitality and Entertainment Ltd Earnings Call Transcript

Feb 18, 2021 / 09:00PM GMT
Release Date Price: A$10.53 (+4.57%)
Operator

Thank you for standing by, and welcome to the Event Hospitality & Entertainment Half Year Results Conference Call. (Operator Instructions)

I would now like to hand the conference over to Ms. Jane Hastings, CEO. Please go ahead.

Jane M. Hastings
Event Hospitality & Entertainment Limited - CEO, MD & Director

Good morning, everyone, and thanks for dialing in. With me today, I have Greg Dean, Director of Finance; David Stone, Company Secretary; and Mathew Duff, Director of Commercial. We'll move just through this at a top line level to enable much time for questions at the end.

Okay. On the summary. It's clear that the pandemic has driven our revenue down by $466 million, and we've had a very strong response to mitigate that EBITDA loss to $31 million. Globally, our industries have been impacted, and hotels, cinemas and ski resorts, and we're pleased that EVENT's markets have performed better. Only 56% of global cinemas were open. And given that blockbuster films have a day-and-date release, that delayed most of those releases.

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