Cineworld celebrates record results

Cineworld Group has just announced its record results for the 52 week period ended 31 December 2015 showing that pre-tax profit rose by 48.1% to £99.7m.

During the period, revenue increased to £705.8m from £619.4m, and adjusted pre-tax profit was up 37.1% to £102.8m.

The company said the strong performance was driven by improved efficiencies throughout the business and the cost savings achieved following the successful integration of Cineworld and Cinema City.

During the year, Cineworld opened a record 18 new cinemas, bringing the total number of screens to 2,011.

CEO Mooky Greidinger said, “We are pleased to announce 2015 was another record year for the Cineworld Group and its shareholders.

'Revenues continued to grow as more than 93 million customers came through our doors and enjoyed the movies we showed. Our strong financial performance was driven by improved efficiencies throughout the business and the cost savings achieved following the successful integration of the two Groups.

'In addition, we opened a record number of 18 new sites during 2015. The film slate was strong with a number of blockbusters - Jurassic World, Spectre and Star Wars: The Force Awakens being the most significant.

'Our vision continues to be “The Best Place to Watch a Movie” and we look forward to 2016 with optimism, which has a promising film slate and will see us
open another 13 sites across four territories”.


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