Increased turnover for the SECC
June 27, 2016 3:42 PM
The SECC has reported increased turnover and EBITDA for the year ending 31 March 2016, increasing to 29.4m and 3.8m respectively (excluding the impact of the Commonwealth Games).
Peter Duthie, chief executive, said: While not repeating the record levels of the previous year, which were driven by the Commonwealth Games, these results are extremely encouraging with growth throughout the business. Over the past few years we have invested in the campus facilities, primarily in the construction of The SSE Hydro and related infrastructure and already are seeing the benefits. Trading profits will continue to be reinvested to ensure the existing facilities meet the needs of our customers in an increasingly competitive market.
Live entertainment turnover was in line with the previous year, with visitor numbers once again exceeding one million.
As a result of the business conducted by SECC throughout the year, which delivered 1.8 million visitors, the net additional expenditure was estimated at 411m in Glasgow, 308m in Scotland and 240m in the UK.
Duthie added: An overall vision for the business To be the best event campus in Europe' has been adopted with the mission statement – Best Venues, Best People, Best Events'. This vision and mission will drive the strategy for the group in the years to come.