Latest News

Back to Latest News back

 

Ardent Leisure full year results strong revenue growth

Ardent Leisure full year results strong revenue growth
August 24, 2016

Ardent Leisure Group's 2015/16 financial report shows strong revenue growth backed by increasing visitation to its Gold Coast attractions and the successful rollout of its US family entertainment centres.

The multi-sector leisure operator says its theme parks and bowling venues in Australia and its US-based family entertainment centres division, Main Event, all recorded revenue growth in the year to 30th June.

Ardent's full-year profit rose 32% to $42 million, thanks to a 16.3% rise in revenue to $665 million.

Its Gold Coast attractions Dreamworld, WhiteWater World and SkyPoint, reported an increase in visitor numbers with revenue rising  8% on the prior year to $107.6 million.

Ardent said new attractions and an increase in domestic and international visitors, in particular Chinese tourists, and strong growth in its food and beverage sales bolstered its theme parks business.

Main Event, the group's North American FEC division which feature bowling, rock climbing and sports bars, had a 22% rise in revenue to $229.4 million ($US174.7 million), driven by the opening of seven new venues.

Ardent said its Australian bowling revenue rose 12% to $130.5 million as it successfully transformed AMF and Kingpin bowling centres into multi-attraction entertainment venues.

With US operations now the group’s major growth driver, Ardent agreed the sale of its Goodlife Health Clubs division at the end of last week while its d'Albora Marinas division has been on the market since March this year.

The group plans to reinvest the proceed from its assets into growing Main Event as well as other international ventures.

Ardent Chief Executive Deborah Thomas said Main Event would continue to be the key driver of future growth with 11 centres planned to open in 2016/17, commenting "there will be a laser-like focus on Main Event."

Thomas also stated that the favourable exchange rate, an increase in international tourists and the Commonwealth Games promotions would fuel growth at its theme parks in Australia.

Images: WhiteWater World (top) and Deborah Thomas (below).

19th August 2016 - ARDENT LEISURE SELLS GOODLIFE​ HEALTH CLUBS IN $260 MILLION DEAL

12th August 2016 - GOLD COAST TOURISM RESURGENCE SUGGESTS POSITIVE OUTLOOK FOR ARDENT LEISURE BUSINESSES

31st March 2016 - ARDENT LEISURE LOOKS TO SELL MARINAS DIVISION

18th February 2016 - ARDENT LEISURE RECORDS 20% PROFIT RISE BACKED BY IMPROVED FEC AND THEME PARK VISITS

21st August 2015 - ARDENT LEISURE RECORDS PROFIT DIP BUT LOOKS AT FEC EXPANSION

22nd July 2015 - ARDENT LEISURE PLANS INTERNATIONAL EXPANSION


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Centaman Entrance Control

Turnstile Entry Systems and Access Control Centaman Entrance Controls’ Award Winning Range of Access Control Systems includes tripod & triarm turnstiles, speedgates, full height…

read more

Access / Entertainment / Sport / Ticketing / Venues

 
 

PRIAVA

About Priava's Technology -  Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…

read more

Attractions / Billing / Entertainment / Events / Technology

 
 

BODY BIKE AUSTRALIA

BODY BIKE® International is a leading manufacturer of indoor bikes with a 20-year track record of creating the best indoor bikes. Stay connected with Body Bike Australia…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 

Aflex Technology

Aflex Technology are the experts in all things inflatable. They are industry leaders offering the widest range of pool, lake and beach inflatables on the market. All products…

read more

Aquatics / Play / Waterparks

 
 

Fun Wheels Pty Ltd

Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…

read more

Attractions / Tourism / Venues

 
 

SUNBATHER

Solar Pool Heating & Swimming Pool Covers since 1974. Sunbather offer an Australian made product which undergoes continual development to enable you to trust in the Sunbather brand. We deliver a…

read more

Aquatics / Venues

 
 

TECHNOGYM AUSTRALIA

Technogym is the leading company in the Wellness and Fitness field all over the world. With 2,200 employees, 14 branches in Europe, U.S., South America, Asia  and Australia, Technogym exports its…

read more

Fitness / Technology / Wellness

 
 

ELITE POOL COVERS

Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…

read more

Aquatics / Environment / Technology / Venues

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business