Rekom Group, the largest nightlife company in Northern Europe, has this just released its 2022 Annual Results revealing a strong trading performance overall.
Its British arm, Rekom UK, the largest nightclub operator here, has accounted for over a third (38%) of total group revenue in the period, at £97.8m.
The group saw total revenue reach £260m, and the UK’s contribution was followed by Denmark with a revenue of £88.8m, Norway with a revenue of £56m and Finland with a revenue of £17.3m.
Rekom UK performance highlights:
• Full year revenue reached £97.8m (2021: £65.8m)
• EBITDA reached £18.4m, (2021: £16.6m)
• REKOM UK grew its estate from 42 to 52 venues throughout the year
• The introduction of Scandinavian concepts, Heidi’s Bier Bar and Proud Mary, in key locations, Cardiff and Birmingham, helped to drive strong growth for Rekom UK
Peter Marks, Chairman of Rekom UK, commented, ”I’m delighted to report positive results from Rekom Group and am pleased to highlight that our UK division is currently the Group’s strongest performing division.
“We are mindful however that this year’s performance lays in part due to an initial post-lockdown surge, after which we saw guest numbers normalise in recent months.
“Saying that, although we are not immune to the pressures the sector has faced and continues to face, we are confident that with a relevant and engaging business offering, we can continue to evolve and develop both our brand and estate throughout 2023.”
Russell Quelch, Executive Country Director of Rekom UK, added, “The big success for us this year has been the addition of Heidi’s Bier Bar and Proud Mary to the portfolio, giving us a broader guest profile, trading window and variation to our offering.”