On 9 June 2020 Big Yellow Group PLC (BYG) released the details of their FY20 trading results. The highlights of the BYG FY20 trading results for the Armadillo Portfolio included:
- Total revenue of £16.7m, up 11% on pcp; and
- Store EBITDA of £9.4 million, up 9% on pcp
BYG also provided an update on COVID-19 and the impact on trading for FY21. Occupancy dropped 47,000 sqft from 1 April to 24 April, however recovered to grow by 85,000 sqft from 25 April to 8 June across BYG portfolio. The net increase of 38,000 sqft for FY21 highlights the relative resilience of the business through this initial lock down phase.
Click here to see more details on the BYG year ended 31 March 2020 Results Announcement
