Trading Update

RNS Number : 1424O

Cineworld Group plc

26 May 2015

 

CINEWORLD GROUP PLC
Trading Update

Cineworld Group plc ("Cineworld" or "the Group") is pleased to provide the following trading update for the 19 weeks ended 14 May 2015.

Unless explicitly referenced, all figures in the table and commentary below are on a pro forma 19 weeks for 2015 vs. 2014¹ basis.

	UK  & Ireland (19 weeks v 19 weeks) %		CEE & Israel2 pro forma3 (19 weeks v 19 weeks) %		Group pro forma3 (19 weeks v 19 weeks) %		Group statutory %
Total Revenues	+8.8		+14.4		+10.7		+26.8
Box Office	+7.9		+11.6		+9.0		+23.8
Retail	+8.5		+19.8		+12.2		+27.9
Other Income	+18.4		+17.7		+18.0		+47.1

¹ % change vs. prior year for CEE & Israel presented on a constant currency basis. 
² CEE is defined as Central and Eastern Europe and includes Poland, Hungary, Romania, Czech Republic, Bulgaria and Slovakia.
³ Where relevant, pro forma basis reflects the year on year performance of Cinema City which became part of the Cineworld Group on 28 February 2014.

All territories have delivered year on year growth in admissions for the first 19 weeks of 2015 v 2014, with the exception of Slovakia which had a small decline. Retail spend per person increased in all territories and benefited from the mix of films as well as our improving range of retail offerings. The growth in admissions and nature of the film mix have also resulted in increased advertising revenues which are reflected in the growth in other income. 

During the first 19 weeks of the year we opened two new Cineworld cinemas in the UK (Swindon and Broughton with 17 screens in total, with Broughton featuring an IMAX screen) and one Picturehouse in East Dulwich, with three screens. In CEE & Israel, we opened a new 14 screen cinema in Bucharest, Romania, and extended our existing cinema in Letnany, Czech Republic, by four screens.  We are currently contracted to open a further eight cinemas in the UK (64 screens, of which eight screens relate to two new Picturehouse cinemas) and eight in CEE & Israel (79 screens) during the remainder of 2015.

There is a promising film release programme for the remainder of the first half which includes "San Andreas", "Jurassic World" and "Minions". The second half of 2015 is encouraging with titles such as "Star Wars: Episode VII", the final Hunger Games title "Hunger Games: Mockingjay Part 2" and the next Bond film "Spectre". With our plans for continued expansion across the Group, the Board remains confident of delivering a performance for the year as a whole in line with current market expectations.

Contacts

For further information:

Cineworld Group plc			Bell Pottinger
Philip Bowcock	020 8987 5000		Elly Williamson	020 3772 2573
Charlotte Brookmyre	020 8987 2317		Charlie Harrison	020 3772 2579

Notes to editors

About Cineworld Group plc

Cineworld Group plc was founded in 1995 and listed its shares on the London Stock Exchange in May 2007.

The company has grown organically and by acquisition to become one of the leading cinema Groups in Europe with the number one or number two position by number of screens in each of its regions.  Cineworld currently operates 1,913 screens across 207 sites in the UK and Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania and Israel.

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