Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCINE.L Regulatory News (CINE)

  • There is currently no data for CINE

Interim Management Statement

25 Oct 2011 07:00

RNS Number : 7520Q
Cineworld Group plc
25 October 2011
 



CINEWORLD GROUP PLC Interim Management Statement

The Board of Cineworld Group plc ("Cineworld" or the "Group") today made the following Interim Management Statement for the 42 week trading period to 20 October 2011.

Revenues for the 42 weeks to 20 October 2011:

% change vs. prior year

 

Total Revenues

+ 0.9%

Box Office

+ 1.4%

Retail

+0.1%

Other Income

-1.8%

The Group is pleased to report trading is steady with total revenues up 0.9% in the 42 weeks to 20 October 2011. The Group's box office revenues were up 1.4% year on year, despite a very strong comparative period in 2010, maintaining the solid performance since the end of June.

The second half has seen a number of strong performing films including "Harry Potter: Deathly Hallows part 2" in 3D, which is the biggest film release of the year to date, "Transformers: Dark of the Moon" in 3D, "Rise of the Planet of the Apes" and "Bridesmaids". The most notable film performance however was "The Inbetweeners", which has almost matched the performance of "The King's Speech" by grossing over £44m at the box office nationally. In terms of mix, 3D admissions to date represented almost 18% of total admissions, compared to 16% for the first half of the year. The Other Income segment improved against the half year position, despite a small decline on a like for like basis, principally due to higher screen advertising revenues driven by the number of blockbuster films in the summer, while more 3D films helped the sale of 3D glasses. Retail revenues continued to be broadly flat, which was a satisfactory performance given the challenging consumer environment. Box office market share year to date in the UK was 26.1% (2010: 26.4%) and 24.6% in UK/Ireland (2010: 24.7%) (Source: Rentrak/EDI).

Our digital expansion continues and now almost 70% of our screens have been converted and we are scheduled to convert a further 76 screens by the end of the financial year. Our new concept cinema "The Screening Rooms", which opened in June, is now well established and new sites are being identified to roll out this concept. We are on schedule to open a 7 screen cinema in Leigh on 18 November. As announced on 28 September, negotiations to acquire Cinesur in Spain were terminated because the vendor was unable to meet the Group's requirements.

The final quarter has a very promising film line up compared with last year that includes "Johnny English - Reborn", "Mission Impossible: Ghost Protocol", "The Twilight Saga: Breaking Dawn part 1", "Puss in Boots" in 3D, "Sherlock Holmes 2", "The Adventures of Tintin: Secret of the Unicorn" in 3D and "Alvin and the Chipmunks 3", which is expected to more than offset the ongoing weakness in the wider advertising market. The remaining 2011 film line up, together with our performance to date, gives us confidence in delivering results for the full year in line with market expectations.

-Ends-

For further information:

Tony Yoe 020 8987 5000

Cineworld Group plc

 

Elly Williamson 020 7920 2339

M:Communications

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSKMMZGVDNGMZM
Date   Source Headline
16th Mar 20164:35 pmRNSHolding(s) in Company
11th Mar 20169:44 amRNSHolding(s) in Company
10th Mar 20167:00 amRNSManagement Appointments
10th Mar 20167:00 amRNSPreliminary Results
1st Feb 201611:20 amRNSTotal Voting Rights
12th Jan 20167:00 amRNSTrading Update
4th Jan 20163:40 pmRNSTotal Voting Rights
15th Dec 201510:12 amRNSCineworld 2000 Screens Milestone
1st Dec 20152:18 pmRNSTotal Voting Rights and Home State Announcement
1st Dec 201512:47 pmRNSHolding(s) in Company
25th Nov 201510:45 amRNSBlocklisting listing six monthly return
24th Nov 20157:00 amRNSTrading Update
17th Nov 20159:30 amRNSAdditional Listing
2nd Nov 20152:00 pmRNSTotal Voting Rights
22nd Oct 201511:00 amRNSHolding(s) in Company
21st Oct 20158:00 amRNSAnalyst Visit
1st Oct 20152:11 pmRNSTotal Voting Rights
8th Sep 201511:05 amRNSDirector/PDMR Shareholding
1st Sep 20153:00 pmRNSTotal Voting Rights
19th Aug 20154:42 pmRNSDirector/PDMR Shareholding
13th Aug 20157:00 amRNSInterim Results
11th Aug 201510:15 amRNSHolding(s) in Company
4th Aug 201510:45 amRNSDirector/PDMR Shareholding
3rd Aug 20159:33 amRNSTotal Voting Rights
7th Jul 20157:00 amRNSTrading Update
1st Jul 201511:45 amRNSTotal Voting Rights
1st Jul 20159:00 amRNSNotice of Results
12th Jun 20152:14 pmRNSHolding(s) in Company
12th Jun 20152:12 pmRNSDirector/PDMR Shareholding
9th Jun 201511:24 amRNSManagement Changes
1st Jun 20152:30 pmRNSTotal Voting Rights
29th May 201510:36 amRNSDirector/PDMR Shareholding
28th May 20152:15 pmRNSAdditional Listing
27th May 20154:00 pmRNSBlocklisting six monthly return
27th May 20158:30 amRNSBoard Committees Changes & Director Appointment
26th May 20152:30 pmRNSResult of AGM
26th May 20157:01 amRNSTrading Update
12th May 201512:30 pmRNSDirector/PDMR Shareholding
1st May 20159:31 amRNSTotal Voting Rights
23rd Apr 20153:39 pmRNSDirector/PDMR Shareholding
21st Apr 20154:15 pmRNSAnnual Report and Notice of AGM
21st Apr 201510:30 amRNSDirector/PDMR Shareholding
1st Apr 201511:02 amRNSTotal Voting Rights
30th Mar 20152:00 pmRNSAdditional Listing
25th Mar 20154:00 pmRNSDirectorate Change
17th Mar 20151:16 pmRNSDirector/PDMR Shareholding
12th Mar 201510:43 amRNSHolding(s) in Company
12th Mar 20157:00 amRNSPreliminary Results
11th Mar 20159:36 amRNSDirectorate Change and Board Committees
4th Mar 20151:25 pmRNSNotice of Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.