SJM has reported a year-on-year decline of 11% for revenues in 2018.
The promoter’s turnover hit £169.1 million in the year ending December 31, compared to £187.3m in 2017. The vast majority of that came from UK concerts, though Manchester-based SJM did bring in £913,569 from Europe.
Gross profit was down 6.8% at £16.32m, while net profit dipped 5.6% at £6.8m.
In its strategic report, the company identified foreign exchange risk as “potentially significant”.
A dividend of £6.42 million was paid out, compared to £5m in 2017.
SJM employed 70 staff last year, compared to 60 in 2017.
The promoter has a 75% stake in Eat Your Own Ears, as well as minority stakes in Hot Festivals, Mama and Wildlife Festival.
Earlier this week, DHP Family reported a revenue increase of 84%.