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BRIEF-Cineworld says from Jan. 1 to May 11 records revenue growth of 21.3 pct
May 18, 2017 / 7:39 AM / 7 months ago

BRIEF-Cineworld says from Jan. 1 to May 11 records revenue growth of 21.3 pct

May 18 (Reuters) - Cineworld Group Plc

* Trading update for period 1 january 2017 to 11 may 2017

* For period 1 January 2017 to 11 May 2017, group achieved revenue growth of 21.3%, 15.8% on a constant currency basis

* For period 1 January 2017 to 11 May 2017, retail revenue also showed strong growth of 19.7% as a result of increase in admissions

* Whilst still early in year, group is on track to deliver a performance for year in line with current market expectations

* Strong admissions growth took place across both uk and row, with particularly good performances in uk, israel, romania and Slovakia

* Growth was driven by attractiveness of film slate, group’s new openings in prior year and improved results from ongoing refurbishment programme

* Highest grossing films in period were “beauty and beast”, “la la land”, “sing”, “guardians of galaxy vol. 2”, “ fate of furious” and “ lego batman movie” Source text for Eikon: Further company coverage:

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