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
15th Nov 20194:08 pmRNSChanges to Board Committees
11th Nov 201910:00 amRNSBlock Listing Six Monthly Return
8th Nov 201912:41 pmRNSHolding(s) in Company
6th Nov 20191:22 pmRNSHolding(s) in Company
5th Nov 20193:40 pmRNSHolding(s) in Company
5th Nov 20193:36 pmRNSHolding(s) in Company
1st Nov 20194:47 pmRNSHolding(s) in Company
31st Oct 201912:46 pmRNSHolding(s) in Company
30th Oct 201911:13 amRNSHolding(s) in Company
28th Oct 201910:11 amRNSBoard Appointment
17th Oct 20194:31 pmRNSHolding(s) in Company
15th Oct 201911:03 amRNSHolding(s) in Company
20th Sep 20196:00 pmRNSInterim Dividend - Exchange Rate
9th Sep 201912:57 pmRNSHolding(s) in Company
2nd Sep 201910:45 amRNSTotal Voting Rights
22nd Aug 201911:34 amRNSHolding(s) in Company
22nd Aug 201910:14 amRNSHolding(s) in Company
22nd Aug 201910:13 amRNSHolding(s) in Company
16th Aug 201911:42 amRNSPurchase of Cineworld Shares
13th Aug 20193:57 pmRNSHolding(s) in Company
9th Aug 20194:16 pmRNSHolding(s) in Company
8th Aug 20197:00 amRNSInterim Results for the period ended 30 June 2019
1st Jul 20192:21 pmRNSTotal Voting Rights
27th Jun 201912:51 pmRNSTR-1: Standard form of notification
21st Jun 20195:21 pmRNSDividends - Exchange Rate
19th Jun 20194:35 pmRNSChange of Auditor
13th Jun 20197:00 amRNSSale and Leaseback of Additional 18 US Cinemas
5th Jun 201911:09 amRNSTR-1: Standard form of notification
3rd Jun 201910:28 amRNSTotal Voting Rights
30th May 201912:13 pmRNSCorrection: Director/PDMR Shareholding
29th May 20192:20 pmRNSDirector/PDMR Shareholding
23rd May 20193:04 pmRNSDirector/PDMR Shareholding
22nd May 20195:21 pmRNSDirector/PDMR Shareholding
22nd May 20195:02 pmRNSDirector/PDMR Shareholding
22nd May 20194:41 pmRNSDirector/PDMR Shareholding
22nd May 20194:40 pmRNSDirector/PDMR Shareholding
16th May 20192:15 pmRNSChanges to Board Committees
16th May 20192:00 pmRNSAdditional Listing
15th May 20191:08 pmRNSResults of Annual General Meeting
15th May 20197:05 amRNSTrading Statement
15th May 20197:00 amRNSSale and Leaseback of 17 US-based Cinemas
9th May 20191:57 pmRNSBlock Listing Six Monthly Return
24th Apr 201912:22 pmRNSTR-1: Standard Form of Notification
14th Mar 20197:00 amRNSPreliminary Results
12th Mar 20195:22 pmRNSDirectorate Change and Board Committees
1st Mar 20192:12 pmRNSTotal Voting Rights
21st Feb 201911:19 amRNSTR-1: Standard Form of Notification
17th Jan 20195:12 pmRNSBoard Appointment
16th Jan 20197:00 amRNSTrading Statement
9th Jan 20193:29 pmRNSTR-1 Standard form of notification

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.