The sports and entertainment industry includes sports clubs, fitness and leisure facilities, entertainment parks and other related businesses. AGIC’s research is based on 2020 data and covers 22 companies. The companies reviewed in the study generated aggregate turnover exceeding GEL 27 million, while their combined assets amounted to GEL 375 million.
The report also presents the sector’s historical dynamics. According to Geostat data included in the study, turnover of sports and entertainment companies amounted to GEL 94.3 million in 2019 and declined to GEL 72.7 million in 2020. The report includes industry liquidity, solvency and profitability indicators; for 2020, the gross profit margin was 68%, while annual return on assets (ROA) was 2%.
The full report can support business owners, investors and financial managers in assessing the sector’s historical financial position, comparing company performance with industry averages, and using the findings for benchmarking and financial analysis.