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

8 Jan 2013 07:00

RNS Number : 0143V
Cineworld Group plc
08 January 2013
 



CINEWORLD GROUP PLCTrading Update

Cineworld Group plc ("Cineworld" or "the Group") is pleased to provide the following trading update at the commencement of the close period prior to the announcement of its preliminary results for the 52 weeks ended 27 December 2012 which is due to be made on 7 March 2013.

Revenues for the 52 weeks to 27 December 2012 (excluding Picturehouse)

% change vs. prior year

 

Total Revenues

+ 2.4%

Box Office

+ 3.9%

Retail

+ 0.8%

Other Income

- 7.3%

Overall we anticipate that profitability for the year will be in line with market expectations.

The UK and Ireland cinema industry enjoyed a satisfactory year in 2012. Despite the distractions from the Queen's Diamond Jubilee celebrations, the European Football Championship and the London Olympics, industry gross box office grew by 2.8% against the previous year (Source: Rentrak/EDI). As expected, the full year was weighted towards the fourth quarter and strong admission numbers alleviated the expected slower performance during the third quarter. Included in the fourth quarter was "Skyfall" which, to date, has grossed over £100m in the UK and is the highest grossing film in the history of UK and Ireland cinema. There were also strong film performances in the quarter from the concluding film of the Twilight series "Twilight Saga: Breaking Dawn (part 2)" and "The Hobbit".

Cineworld's box office benefitted from a better average ticket price, up 5.0% against prior year and offset by 1.1% lower admissions. Overall box office market share in UK/Ireland was maintained at 24.7% for the year (2011: 24.8%) (Source: Rentrak/EDI).

Spend per person for the year increased by 1.9% compared with the previous year, more than offsetting reducedadmissions volume.

As previously outlined, the decline in other income for the year was due to the removal of the booking fee and comparatively lower 3D glasses sales, resulting from fewer 3D films shown in the period. Screen advertising revenues were marginally ahead as compared with the prior year.

We were pleased to open a new seven screen Cineworld cinema in Aldershot at the end of October and this and our recent acquisition of Picturehouse cinemas, on 6th December 2012, means we start 2013 with 101 cinemas and 878 screens. We have plans to open multiplex cinemas under the Cineworld brand in Wembley, Gloucester and St Neots during 2013. Picturehouse brings further opportunities for growth within a specialised sector of the cinema market under the Picturehouse brand and management. Since acquisition Picturehouse has traded in line with expectations.

There is an attractive film release programme for 2013 which includes "Les Miserables", "Star Trek", "Iron Man 3" and "The Hobbit part 2". With our plans for continued expansion, we look forward to delivering further value to shareholders in the forthcoming year.

-Ends-

 

 

For further information:

 

Philip Bowcock 020 8987 5000

Chief Financial Officer

Cineworld Group plc

 

Elly Williamson 020 7920 2330

Matthew Neal

M:Communications

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTBIGDBIDGBGXR
Date   Source Headline
1st Jun 201710:00 amRNSTotal Voting Rights
25th May 201710:00 amRNSBLOCK LISTING SIX MONTHLY RETURN
24th May 20177:00 amRNSAnalyst Visit
18th May 20172:40 pmRNSResults of Annual General Meeting
18th May 20177:00 amRNSTrading Update
12th May 20172:54 pmRNSAllotment and Issue of New Ordinary Shares
2nd May 20172:55 pmRNSTotal Voting Rights
19th Apr 20174:52 pmRNSDirector Appointment
13th Apr 20172:09 pmRNSDirector/PDMR Shareholding
12th Apr 201711:35 amRNSAnnual Report and Notice of Annual General Meeting
3rd Apr 20173:33 pmRNSTotal Voting Rights
9th Mar 20177:00 amRNSFinal Results
1st Mar 20174:30 pmRNSTotal Voting Rights
22nd Feb 20175:27 pmRNSHolding(s) in Company
13th Feb 201712:40 pmRNSAllotment and Issue of New Ordinary Shares
1st Feb 201712:10 pmRNSTotal Voting Rights
17th Jan 20173:06 pmRNSHolding(s) in Company
11th Jan 20177:01 amRNSDirectorate Change
11th Jan 20177:00 amRNSTrading Statement
4th Jan 20175:16 pmRNSHolding(s) in Company
4th Jan 20175:16 pmRNSHolding(s) in Company
21st Dec 20164:42 pmRNSHolding(s) in Company
12th Dec 20163:16 pmRNSCMA Clearance
1st Dec 201612:54 pmRNSTotal Voting Rights
25th Nov 20163:10 pmRNSBlock Listing Six Monthly Return
22nd Nov 20165:17 pmRNSDirector/PDMR Shareholding
15th Nov 201612:55 pmRNSHolding(s) in Company
15th Nov 20167:00 amRNSTrading Statement
14th Nov 201612:45 pmRNSAllotment and Issue of New Ordinary Shares
14th Oct 20163:50 pmRNSNotification of Transactions of Directors
14th Oct 20163:00 pmRNSNotification of Transactions of Directors
6th Oct 20164:49 pmRNSDirector Appointment
3rd Oct 201612:16 pmRNSTotal Voting Rights
12th Aug 20167:00 amRNSAcquisition of five cinemas
11th Aug 20167:00 amRNSHalf-year Report
28th Jul 20167:00 amRNSAcquisition of five cinemas
5th Jul 20164:40 pmRNSHolding(s) in Company
9th Jun 201612:42 pmRNSHolding(s) in Company
31st May 20161:00 pmRNSTotal Voting Rights
25th May 20162:42 pmRNSBlock Listing Six Monthly Return
19th May 20164:06 pmRNSResults of Annual General Meeting
19th May 20167:00 amRNSTrading Update
3rd May 20163:31 pmRNSTotal Voting Rights
21st Apr 201611:15 amRNSHolding(s) in Company
20th Apr 20168:00 amRNSAnalyst Visit
18th Apr 20164:52 pmRNSDirector/PDMR Shareholding
14th Apr 20169:00 amRNSAnnual Report and Notice of Annual General Meeting
13th Apr 20164:18 pmRNSBlock Listing
1st Apr 201612:03 pmRNSTotal Voting Rights
29th Mar 20163:26 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.