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Cineworld Group reports revenue growth
Cineworld Group has posted a 4.8 per cent increase in revenue for the year to 30 December 2010, compared with the previous 52-week period.
EBITDA and pre-tax profits grew by 8.1 per cent and 0.3 per cent respectively in 2010, with the cinema operator capturing more than 26 per cent of the UK market share. Despite a 2.1 per cent fall in admissions at more than 47 million, the average ticket price per admission was up 6 per cent to £4.99 - compared with £4.71 in 2009.
A new Cineworld site has been rolled out at London's O2 Arena, and agreements have been secured for cinemas at Leigh, Aldershot and Wembley City, London. Cineworld Group chief executive officer Stephen Wiener said: "Our strategically eventful year saw progress in rolling out digital screens across our estate, and continued expansion.
"After the impact of the heavy snow at the end of 2010, admissions have returned to normal and we look forward to a release schedule for 2011 with a strong line-up of potential blockbusters as well as an increased number of 3D films."
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