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
23rd Sep 20204:46 pmRNSHolding(s) in Company
23rd Sep 202012:37 pmRNSHolding(s) in Company
23rd Sep 202012:34 pmRNSHolding(s) in Company
22nd Sep 20201:26 pmRNSHolding(s) in Company
22nd Sep 20201:23 pmRNSHolding(s) in Company
22nd Sep 20201:22 pmRNSHolding(s) in Company
21st Sep 202011:27 amRNSHolding(s) in Company
17th Sep 20205:56 pmRNSHolding(s) in Company
15th Sep 20201:30 pmRNSHolding(s) in Company
14th Sep 20205:15 pmRNSHolding(s) in Company
14th Sep 20205:11 pmRNSHolding(s) in Company
11th Sep 20202:25 pmRNSHolding(s) in Company
4th Sep 20204:04 pmRNSDirector/PDMR Shareholding
4th Sep 20202:41 pmRNSHolding(s) in Company
4th Sep 20202:10 pmRNSHolding(s) in Company
2nd Sep 20202:00 pmRNSHolding(s) in Company
2nd Sep 20202:00 pmRNSRefinancing by major shareholder of Cineworld
28th Aug 20205:13 pmRNSHolding(s) in Company
26th Aug 20205:11 pmRNSHolding(s) in Company
26th Aug 20205:07 pmRNSHolding(s) in Company
24th Aug 20202:14 pmRNSHolding(s) in Company
24th Aug 20202:13 pmRNSHolding(s) in Company
24th Aug 20202:09 pmRNSHolding(s) in Company
21st Aug 20203:51 pmRNSHolding(s) in Company
18th Aug 20201:39 pmRNSHolding(s) in Company
14th Aug 202011:06 amRNSHolding(s) in Company
13th Aug 20203:05 pmRNSHolding(s) in Company
13th Aug 20203:02 pmRNSHolding(s) in Company
3rd Aug 20203:01 pmRNSTotal Voting Rights
24th Jul 20204:34 pmRNSHolding(s) in Company
22nd Jul 20202:30 pmRNSBoard Appointment
6th Jul 20207:00 amRNSLegal proceedings commenced by Cineplex Inc.
2nd Jul 20201:06 pmRNSDirector/PDMR Shareholding
30th Jun 20204:40 pmRNSHolding(s) in Company
30th Jun 20207:00 amRNSCinemas in US and UK to reopen Friday 31st July
25th Jun 20203:55 pmRNSAdditional Listing
22nd Jun 20207:00 amRNSAdditional liquidity secured
16th Jun 20207:00 amRNSCineworld Group cinemas to reopen in July
15th Jun 202012:06 pmRNSHolding(s) in Company
15th Jun 20207:00 amRNSUpdate on proposed acquisition of Cineplex Inc.
11th Jun 20203:22 pmRNSHolding(s) in Company
1st Jun 202012:33 pmRNSTotal Voting Rights
1st Jun 202010:04 amRNSHolding(s) in Company
28th May 20207:00 amRNSCovenant amendments and additional liquidity
21st May 20204:15 pmRNSHolding(s) in Company
21st May 20209:25 amRNSHolding(s) in Company
14th May 20203:47 pmRNSChanges to Board Committees
13th May 20203:42 pmRNSResult of AGM
11th May 202011:18 amRNSBlock Listing Six Monthly Return
17th Apr 20202:15 pmRNSHolding(s) in Company

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.