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
6th Mar 201412:24 pmRNSDividend
6th Mar 20147:00 amRNSFinal Results
5th Mar 20146:25 pmRNSHolding(s) in Company
4th Mar 20149:38 amRNSHolding(s) in Company
4th Mar 20149:17 amRNSHolding(s) in Company
3rd Mar 20142:13 pmRNSHolding(s) in Company
28th Feb 20147:02 amRNSDirectorate change and Board Committees
28th Feb 20147:01 amRNSCompletion of Combination and Share Issue
26th Feb 201412:02 pmRNSNotice of full year results
24th Feb 201412:48 pmRNSCCI Shareholder Approval
19th Feb 20142:51 pmRNSHolding(s) in Company - Replacement
19th Feb 20141:29 pmRNSHolding(s) in Company
18th Feb 20149:48 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
17th Feb 20142:14 pmRNSHolding(s) in Company
17th Feb 20142:13 pmRNSHolding(s) in Company
17th Feb 201410:29 amRNSHolding(s) in Company
14th Feb 20143:00 pmRNSDirector/PDMR Shareholding
14th Feb 201410:11 amRNSResults of Rump Placing
14th Feb 20147:00 amRNSResults of Rights Issue
13th Feb 20141:10 pmRNSRegulatory Clearance
12th Feb 201412:38 pmRNSHolding(s) in Company
3rd Feb 201412:48 pmRNSDirector Declaration
29th Jan 201411:37 amRNSResults of General Meeting
28th Jan 201410:50 amRNSHolding(s) in Company
24th Jan 20144:06 pmRNSHolding(s) in Company
17th Jan 201410:31 amRNSHolding(s) in Company
16th Jan 20144:46 pmRNSHolding(s) in Company
14th Jan 20145:29 pmRNSHolding(s) in Company
10th Jan 20144:47 pmRNSPublication of combined prospectus and circular
10th Jan 20147:00 amRNSCombination with Cinema City International
7th Jan 201412:00 pmRNSTotal Voting Rights
25th Nov 20133:30 pmRNSBlocklisting Interim Review
20th Nov 20137:30 amRNSDirectorate Change
6th Nov 201312:00 pmRNSNotification of major interest in shares
30th Oct 201312:00 pmRNSHolding(s) in Company
24th Oct 201311:00 amRNSDirector Appointment
22nd Oct 20137:00 amRNSInterim Management Statement
8th Oct 20137:09 amRNSResponse to Competition Commission Announcement
1st Oct 201312:00 pmRNSTotal Voting Rights
27th Sep 20131:21 pmRNSMerger Update
27th Sep 20131:00 pmRNSMerger Update
28th Aug 201312:15 pmRNSCINEWORLD & IMAX EXPAND REVENUE SHARE PARTNERSHIP
28th Aug 201310:30 amRNSNotification of Major Interest in Shares
20th Aug 20137:07 amRNSResponse to Competition Commission Announcement
20th Aug 20137:00 amRNSCineworld City Screen Prov Findings
15th Aug 20137:00 amRNSHalf Yearly Report
6th Aug 201311:00 amRNSAdditional Listing
26th Jul 20133:30 pmRNSHolding(s) in Company
9th Jul 201310:30 amRNSNotification of Major Interest in Shares
3rd Jul 20137:00 amRNSTrading update

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.