Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCINE.L Regulatory News (CINE)

  • There is currently no data for CINE

Trading Statement

5 Jul 2012 07:00

RNS Number : 9556G
Cineworld Group plc
05 July 2012
 



EMBARGOED FOR RELEASE AT 7AM, 5 July 2012

CINEWORLD GROUP plcTrading Update

Cineworld Group plc ("Cineworld" or the "Group") is due to publish its interim results for the 26 weeks ended 28 June 2012 on 16 August 2012. At the start of its close period, Cineworld is pleased to announce the following trading update.

Revenues for the 26 weeks ended 28 June 2012:

% change vs prior year 26 weeks

Total Revenues

+ 1.1%

Box Office

+4.1%

Retail

-2.1%

Other Income

-18.7%

Trading for the first half of the financial year is as expected and in line with previous guidance. A +4.1% increase in Box Office revenue was achieved reflecting growth in average ticket price and marginally lower admission levels (-0.8%). The removal of booking fees and launch of a 10% discount for tickets booked online has significantly accelerated the growth of "MyCineworld" registrations, which will grow a dedicated customer base and support enhanced customer relationship management in the future.

Cineworld's box office market share was slightly lower in the period at 24.7%1 (2011: 24.9%). The cinema market1 in general grew approximately 4.3% in the period. Total retail revenue was affected by marginally lower spend per person of 1.3% reflecting the challenging consumer environment.

Screen advertising revenues, (which make up over half of "Other Income"), were -10.9% below the previous year, reflecting the general trend in the wider advertising market, and the anticipated focus of advertising on the European football championships. The balance of "Other Income" was impacted primarily by the removal of the booking fee, as well as lower sales of 3D glasses.

Looking ahead to the second half of the financial year, our plans to open a new seven screen cinema in Aldershot and the completion of the conversion of our digital projection estate by the end of the summer are all progressing on schedule.

While the timing of the Olympics is expected to add to the challenges of a tough third quarter comparative, the film line up has strong 3D product in the second half, which includes "The Amazing Spiderman", "Ice Age 4" and "The Hobbit" and is matched by an exciting range of 2D films including "The Dark Knight Rises", the concluding film of the Twilight series "Twilight Saga: Breaking Dawn (part 2)" and the next Bond title "Skyfall". As a result we remain confident of delivering growth for the year as a whole in line with current market expectations.

 

1 Refers to UK/Ireland market by gross box office - data per Rentrak/EDI

For further information:

Cineworld Group plc

020 8987 5000

M:Communications

020 7920 2339

 

Philip Bowcock

 

Elly Williamson

Matthew Neal

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTBLGDRCDGBGDS
Date   Source Headline
2nd Mar 201511:15 amRNSTotal Voting Rights
2nd Feb 201512:58 pmRNSTotal Voting Rights
15th Jan 201512:41 pmRNSHolding(s) in Company
14th Jan 20157:00 amRNSTrading Update
1st Dec 201410:15 amRNSTotal Voting Rights
25th Nov 20142:00 pmRNSBlocklisting six monthly return
18th Nov 20147:00 amRNSInterim Management Statement
5th Nov 20141:00 pmRNSAdditional Listing
3rd Nov 201410:30 amRNSTotal Voting Rights
30th Oct 20149:27 amRNSHolding(s) in Company
21st Oct 201411:00 amRNSDirector/PDMR Shareholding
21st Oct 201411:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
7th Oct 201412:00 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
7th Oct 201412:00 pmRNSDirector/PDMR Shareholding
4th Sep 20149:20 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1st Sep 201410:38 amRNSTotal Voting Rights
14th Aug 20147:00 amRNSInterim Results
6th Aug 201412:30 pmRNSChange of Director's Details
1st Aug 201410:00 amRNSNotice of Interim Results
3rd Jul 20147:00 amRNSTrading Statement
1st Jul 201412:30 pmRNSTotal Voting Rights
25th Jun 20142:37 pmRNSDirector/PDMR Shareholding
17th Jun 20143:34 pmRNSDirector/PDMR Shareholding
11th Jun 201411:02 amRNSDirector/PDMR Shareholding
11th Jun 201410:57 amRNSTR-1 Notification of Major Interest in shares
9th Jun 201411:02 amRNSDirector/PDMR Shareholding
6th Jun 20142:46 pmRNSDirector/PDMR Shareholding
5th Jun 201410:00 amRNSDirector/PDMR Shareholding
2nd Jun 20149:58 amRNSTotal Voting Rights
27th May 20149:00 amRNSBlocklisting Interim Review
19th May 20148:00 amRNSAnalyst and Investor Trip
9th May 201412:55 pmRNSHolding(s) in Company
8th May 20144:59 pmRNSResult of AGM
8th May 20147:00 amRNSInterim Management Statement
1st May 20144:37 pmRNSTotal Voting Rights
25th Apr 201412:35 pmRNSDirector/PDMR Shareholding
25th Apr 201412:35 pmRNSDirector/PDMR Shareholding
24th Apr 201410:07 amRNSDirector/PDMR Shareholding
24th Apr 201410:07 amRNSDirector/PDMR Shareholding
17th Apr 20144:59 pmRNSNOTIFICATION OF MAJOR INTEREST IN SHARES
3rd Apr 201412:30 pmRNSExtension of IMAX Partnership
2nd Apr 20141:47 pmRNSHolding(s) in Company
1st Apr 201410:44 amRNSTotal Voting Rights
1st Apr 20147:00 amRNSAnnual Report and Notice of Annual General Meeting
17th Mar 201411:33 amRNSDirector Declaration
11th Mar 201410:51 amRNSDate of Annual General Meeting
7th Mar 201412:16 pmRNSHolding(s) in Company
6th Mar 20144:15 pmRNSDirector/PDMR Shareholding
6th Mar 20144:12 pmRNSHolding(s) in Company
6th Mar 20143:41 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.