Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCINE.L Regulatory News (CINE)

  • There is currently no data for CINE

Pre Close Trading Update

6 Jan 2011 07:00

RNS Number : 9910Y
Cineworld Group plc
06 January 2011
 



6th January 2010

CINEWORLD GROUP PLC Pre Close Trading Update

Cineworld Group plc ("Cineworld" or the "Group") plans to publish its preliminary results for the twelve months ended 30 December 2010 on 10 March 2011. Prior to entering its close period, Cineworld is pleased to announce the following pre-close trading update.

Revenues for the 52 weeks to 30 December 2010

% change vs. prior year (pro rata 52 weeks)

Total Revenues

+ 4.7%

Box Office

+ 4.2%

Retail

-1.5%

Other Income

+ 39.9%

The UK and Ireland cinema industry enjoyed another good year in 2010 with industry box office up 2.7% against the previous year, according to information collated by Rentrak/EDI. There was a strong release schedule of films in 2D which included "The Twilight Saga: Eclipse", "Inception" and "Harry Potter and the Deathly Hallows (part 1)",whilst there were also a number of high performing 3D films in the year which included "Toy Story 3", "Alice in Wonderland", "Shrek Forever After" and "Avatar" (the latter released in December 2009). 3D was a significant contributor to the increased box office revenues. The year also saw Avatar and Toy Story 3 in 3D become the highest and second highest grossing films respectively in UK box office terms.

In the period following the October 2010 Interim Management Statement, we maintained growth in our full year box office revenues, aided in part by our large digital estate, capitalising on the 3D films released in the quarter. Currently almost half of our 801 screens are digital. The overall strong performance helped to raise our box office market share in UK/Ireland to 24.6% for the year (2009: 23.9%) (Source: Rentrak/EDI).

Digital Cinema Media, our screen advertising business, made excellent progress compared to the prior year, enabling "Other Income" to grow significantly.

The December snow falls had a negative impact on both box office and retail revenues during the important festive period as travel to the cinema became very difficult in many areas. Despite this, the strong performance from the rest of the year means that we anticipate overall profitability to be within the range of market expectations.

With the recent easing of the bad weather, we have seen admissions return to levels that we expect for the time of the year. This gives us confidence in Cineworld's performance going into the year ahead, supported by the ongoing digital roll out and an attractive film release programme for 2011. Anticipated blockbusters include the 3D releases of "Harry Potter and the Deathly Hallows (part 2), "Pirates of the Caribbean: On Stranger Tides", "and "Tintin" and the releases in 2D of "Twilight Saga: Breaking Dawn (part 1)", "X-Men: First Class" and a Sherlock Holmes sequel.

-Ends-

For further information:

Richard Jones 020 8987 5000

Chief Financial Officer

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
 
 
TSTSSDFUIFFSESF
Date   Source Headline
24th Jun 201312:30 pmRNSExpansion of Cineworld / IMAX existing agreement
19th Jun 201312:00 pmRNSNotification of Major Interest in Shares
5th Jun 20132:22 pmRNSMerger Update
4th Jun 201310:30 amRNSTotal Voting Rights
29th May 20132:28 pmRNSHolding(s) in Company
28th May 20131:01 pmRNSBlocklisting Interim Review
15th May 20132:39 pmRNSResult of AGM
15th May 20137:00 amRNSInterim Management Statement
13th May 20133:07 pmRNSHolding(s) in Company
1st May 20131:26 pmRNSTotal Voting Rights
30th Apr 20133:13 pmRNSResponse to Office of Fair Trading Announcement
26th Apr 20139:34 amRNSTR-1: Notification of major interest in shares
11th Apr 20135:12 pmRNSAnnual Report and Notice of Annual General Meeting
10th Apr 20135:35 pmRNSDirector/PDMR Shareholding
26th Mar 20131:24 pmRNSHolding(s) in Company
15th Mar 201312:47 pmRNSDirector/PDMR Shareholding
13th Mar 20132:54 pmRNSHolding(s) in Company
12th Mar 20134:43 pmRNSHolding(s) in Company
7th Mar 20137:00 amRNSFinal Results
26th Feb 20131:26 pmRNSHolding(s) in Company
25th Feb 201310:36 amRNSHolding(s) in Company
25th Feb 201310:10 amRNSHolding(s) in Company
19th Feb 201311:45 amRNSHolding(s) in Company
15th Feb 20134:30 pmRNSHolding(s) in Company
11th Feb 20131:21 pmRNSHolding(s) in Company
7th Feb 20131:09 pmRNSHolding(s) in Company
1st Feb 20133:00 pmRNSMerger Update
1st Feb 201312:42 pmRNSTotal Voting Rights
31st Jan 20139:42 amRNSDirectorate Change
8th Jan 20137:00 amRNSTrading Statement
24th Dec 201212:30 pmRNSMerger Update
19th Dec 20124:13 pmRNSDirector/PDMR Shareholding
18th Dec 20125:31 pmRNSDirector/PDMR Shareholding
14th Dec 201212:20 pmRNSHolding(s) in Company
14th Dec 201212:10 pmRNSHolding(s) in Company
14th Dec 201210:00 amRNSHolding(s) in Company
11th Dec 20123:50 pmRNSHolding(s) in Company
11th Dec 20129:20 amRNSTotal Voting Rights
11th Dec 20129:18 amRNSDirector/PDMR Shareholding
10th Dec 20123:41 pmRNSHolding(s) in Company
10th Dec 20122:33 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
10th Dec 20129:00 amRNSNew Shares Issued
6th Dec 201212:12 pmRNSResults of placing
6th Dec 20127:00 amRNSA PROPOSED PLACING OF NEW ORDINARY SHARES
6th Dec 20127:00 amRNSACQUISITION OF PICTUREHOUSE
3rd Dec 20128:59 amRNSTotal Voting Rights
30th Nov 201210:22 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
28th Nov 20123:30 pmRNSCapital Markets Event
27th Nov 201210:00 amRNSHolding(s) in Company
26th Nov 201211:00 amRNSBlocklisting Interim Review

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.