Based on the most recent available information, the owner of the Electric Picnic (EP) festival recorded pretax profits of £26.56 million (€29.89 million) in 2021.
This significant profit marked a return to profitability for the festival's owner. It followed a substantial £10 million loss experienced in the previous year, 2020. The 2021 figures demonstrate a strong financial rebound for the event organiser.
Key Financial Snapshot (2021)
To better understand the financial picture presented by the reference, here are the key figures:
- Year: 2021
- Financial Metric: Pretax Profit
- Amount: £26.56 million (€29.89 million)
- Context: Followed a £10 million loss in 2020
Here's a simple comparison based on the provided data:
| Year | Outcome | Amount |
|---|---|---|
| 2020 | Loss | £10,000,000 |
| 2021 | Pretax Profit | £26,560,000 |
It is important to note that this figure represents the pretax profit for the calendar year 2021, not the total revenue or the profit for any other year. Profit is calculated after deducting operating expenses from revenue.
This 2021 profit figure illustrates the financial performance of the Electric Picnic organiser in a specific period, highlighting a strong recovery compared to the previous year's loss.
