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
25th Nov 201110:30 amRNSBlocklisting Interim Review
22nd Nov 201110:59 amRNSAdditional Listing
17th Nov 20117:00 amRNSDirectorate Change
15th Nov 201110:00 amRNSBlocklisting Interim Review
25th Oct 20117:00 amRNSInterim Management Statement
19th Oct 20111:58 pmRNSHolding(s) in Company
7th Oct 20113:00 pmRNSHolding(s) in Company
28th Sep 20113:00 pmRNSRe Acquisition
9th Sep 201111:35 amRNSDirector/PDMR Shareholding
5th Sep 201110:00 amRNSHolding(s) in Company
18th Aug 20117:00 amRNSHalf Yearly Report
11th Aug 20115:39 pmRNSHolding(s) in Company
11th Aug 201112:19 pmRNSHolding(s) in Company
11th Aug 201112:13 pmRNSDirector Declaration
10th Aug 20113:20 pmRNSHolding(s) in Company
10th Aug 20113:06 pmRNSHolding(s) in Company
1st Jul 20114:27 pmRNSTotal Voting Rights
29th Jun 20117:00 amRNSTrading Statement
10th Jun 20117:00 amRNSDirectorate Change
8th Jun 201111:12 amRNSHolding(s) in Company
25th May 20113:28 pmRNSBlocklisting Interim Review
20th May 20112:32 pmRNSHolding(s) in Company
18th May 20111:38 pmRNSAGM Statement
18th May 20117:00 amRNSInterim Management Statement
11th May 20114:30 pmRNSDirectorate Change
10th May 20114:00 pmRNSHolding(s) in Company
3rd May 201110:00 amRNSTotal Voting Rights
14th Apr 20113:36 pmRNSAnnual Information Update
13th Apr 20116:22 pmRNSHolding(s) in Company
8th Apr 20115:05 pmRNSAnnual Financial Statements
7th Apr 20117:00 amRNSAcquisition
4th Apr 20114:00 pmRNSHolding(s) in Company
31st Mar 201110:40 amRNSTotal Voting Rights
29th Mar 20113:05 pmRNSDirector/PDMR Shareholding
21st Mar 20114:54 pmRNSDirector/PDMR Shareholding-Performance Share Plan
10th Mar 20117:00 amRNSFinal Results
28th Feb 20111:13 pmRNSTotal Voting Rights
9th Feb 201111:08 amRNSHolding(s) in Company
8th Feb 201111:00 amRNSDirectorate Change
1st Feb 201110:00 amRNSTotal Voting Rights
14th Jan 20115:52 pmRNSHolding(s) in Company
6th Jan 20117:00 amRNSPre Close Trading Update
5th Jan 20111:33 pmRNSHolding(s) in Company
4th Jan 20118:00 amRNSTotal Voting Rights
10th Dec 20104:00 pmRNSHolding(s) in Company
3rd Dec 20103:30 pmRNSHolding(s) in Company
23rd Nov 20104:30 pmRNSHolding(s) in Company
22nd Nov 201012:00 pmRNSAdditional Listing
19th Nov 20103:08 pmRNSHolding(s) in Company
18th Nov 20103:41 pmRNSDirectorate Change

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.