Information  X 
Enter a valid email address

Cineworld Group plc (CINE)

  Print          Annual reports

Monday 24 May, 2021

Cineworld Group plc

Company Update

RNS Number : 5095Z
Cineworld Group plc
24 May 2021


24 May 2021


Cineworld Group plc ("Cineworld" or the "Group")

Company Update



Cineworld is pleased to report a strong opening weekend in the UK, led by the success of Peter Rabbit 2: The Runaway. This weekend's performance went beyond our expectations as customers were eager to return to the movies and enjoy the full movie experience, including the traditional popcorn which led to strong concession income.


In the US, following the opening of additional 167 cinemas, over 97% of our cinemas (502 sites) have resumed operations. In ROW, Poland and Israel will be opening at the end of the coming week and the company anticipates that most if its cinemas will be open by the end of the month.


US CARES Act Refund

The Group is also pleased to announce it has received the full $203m tax refund under the US CARES Act.



Mooky Greidinger, CEO, commented:

"We are thrilled to have our cinemas back in business in the US and UK and to welcome movie fans back to the big screen for an exciting and full slate of films. We are especially pleased with the warm welcome our employees have received, and the positive feedback from returning guests. With the releases next week of Cruella, and A Quiet Place 2, we expect next weekend's results to be strong. When combined with improving consumer confidence and the success of the vaccination rollout, we expect a good recovery in attendance over the coming months, noting the record breaking success of F9 in the Asian market. We are excited for our customers to experience the magic of big screen entertainment again, all made possible by the hard work of our colleagues around the world, and remain committed to be the best place to watch a movie."


Cautionary note concerning forward looking statements

Certain statements in this announcement are forward looking and so involve risk and uncertainty because they relate to events, and depend upon circumstances that will occur in the future and therefore results and developments can differ materially from those anticipated. The forward looking statements reflect knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements.  Nothing in this announcement should be construed as a profit forecast.

C ontacts

Cineworld Group plc:





Israel Greidinger

+44 (0)20 8987 5000

James Leviton

+44 (0)20 7251 3801


Nisan Cohen

[email protected]

Rob Allen

[email protected]

Manuela Van Dessel





This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t