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
29th Apr 20097:00 amRNSInterim Management Statement
14th Apr 20093:03 pmPRNAnnual Information Update
9th Apr 20094:28 pmPRNAnnual Financial Report
2nd Apr 20094:40 pmRNSSecond Price Monitoring Extn
2nd Apr 20094:35 pmRNSPrice Monitoring Extension
27th Mar 200910:59 amPRNDirector/PDMR Shareholding
12th Mar 20097:00 amRNSFinal Results
26th Feb 200912:00 pmRNSNotice of Results
26th Jan 20097:00 amRNSCineworld Doubles Digital Estate
8th Jan 20097:00 amRNS2008 Pre Close Trading Statement
5th Jan 20099:54 amPRNDirector Declaration
31st Dec 200811:00 amPRNHolding(s) in Company
7th Nov 20089:52 amPRNHolding(s) in Company
31st Oct 20085:08 pmPRNDirector/PDMR Shareholding
28th Oct 20087:00 amRNSInterim Management Statement
13th Oct 20089:51 amPRNHolding(s) in Company
10th Oct 200810:31 amPRNHolding(s) in Company
3rd Oct 20083:59 pmPRNHolding(s) in Company
30th Sep 200812:28 pmPRNHolding(s) in Company
29th Sep 20082:39 pmPRNHolding(s) in Company
24th Sep 20083:45 pmRNSAppointment of Alternate Director
22nd Sep 20085:45 pmPRNHolding(s) in Company
21st Aug 20087:00 amRNSInterim Results
4th Aug 200812:00 pmRNSNotice of Interim Results
31st Jul 20084:15 pmPRNHolding(s) in Company
2nd Jul 200812:04 pmPRNHolding(s) in Company
1st Jul 20083:40 pmRNSOFT Approval
1st Jul 20083:30 pmRNSMerger Update
1st Jul 20087:00 amRNSTrading Statement
19th Jun 200811:59 amPRNDoc re Special Business Resolutions
11th Jun 200811:51 amPRNResult of AGM
10th Jun 200811:00 amRNSManagement Statement
23rd May 20081:05 pmPRNAnnual Information Update
29th Apr 20087:00 amRNSInterim Management Statement
24th Apr 20084:03 pmRNSMerger Update
15th Apr 20083:07 pmPRNHolding(s) in Company
15th Apr 20083:04 pmPRNHolding(s) in Company
4th Apr 20084:57 pmPRNDirector/PDMR Shareholding
25th Mar 20081:21 pmPRNDirector/PDMR Shareholding
18th Mar 20087:02 amRNSFinal Results
17th Mar 200812:00 pmRNSCINEWORLD MERGER REFERRAL
13th Mar 20083:42 pmPRNHolding(s) in Company
6th Mar 20084:07 pmPRNHolding(s) in Company
6th Mar 20087:01 amRNSRe Joint Venture
18th Feb 200811:33 amRNSNotice of Results
7th Feb 200812:11 pmPRNHolding(s) in Company
1st Feb 20084:35 pmRNSPrice Monitoring Extension
18th Jan 20087:01 amRNSTrading Statement
9th Jan 20083:47 pmPRNHolding(s) in Company
3rd Jan 20084:35 pmRNSPrice Monitoring Extension

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.