Press Releases
Cinema City opens its second multiplex in Czestochowa, Poland
30.09.2009Today Cinema City International N.V. (“Cinema City”) is celebrating the opening of its second multiplex in the city of Czestochowa. Cinema City in Galeria Jurajska has 8 screens and 1 332 seats. The cinema is equipped with two digital projectors with 3D device.
read moreCinema City opens in Pitesti, Romania
02.09.2009The 5th Cinema City in Romania opened. The megaplex next in line.
Cinema City International N.V. (“Cinema City”) is opening today a multiplex of 6 screens and 1 200 seats in Pitesti, Romania. The cinema will be equipped with a digital screen with a 3D device. It’s the 5th Cinema City in Romania. Towards the end of the year the Company plans to open its largest cinema in the country, the 21 screen megaplex including an IMAX theatre in Palace Cotroceni Shopping Mall in Bucharest.
Cinema City financial results in the 1st half of 2009
24.08.2009Number of tickets sold continues to rise in all countries of activity
read moreCinema Park opened in Cinema City Kinepolis in Poznań, Poland
25.05.2009On Saturday 23 May, 2009 the second “Cinema Park” in Poland opened in the city of Poznań. Following the success and warm welcome to the "Cinema Park" project in Cinema City Bemowo in Warsaw, in February 2009 Cinema City Poland announced the planned opening of the second Cinema Park. Cinema Park is a project that combines entertainment and education, using special effects synchronized with sound and picture in the cinema halls.
read moreCinema City opening in Bielsko Biała, Poland
21.05.200926th Cinema City in Poland opened.
Cinema City International N.V. (“Cinema City”) opened its multiplex in the city of Bielsko Biała in Poland. Cinema offers 10 screens and 1 528 seats. The cinema is equipped with two digital projectors with integrated 3D facility.
Cinema City financial results through 1st quarter of 2009*
19.05.2009Cinema going resists to crisis.
*Full financial statement is available on the Company’s website www.cinemacity.nl
- In the 1st quarter of 2009, Cinema City International N.V. (“Cinema City”) earned revenues of EUR 66.7 million (51.5% growth over 1Q2008), EBITDA of EUR 15.0 million (up 60.6%) and net profit of EUR 9.7 million (up 140.6%).
- Theatre operations noted 6.1% increase in revenue coupled with 4.4% increase in EBITDA and despite strong devaluation of the CEE currencies vs euro. Cinema City sold 6.9 million tickets (+22.0 y/y) in the entire chain and 6.1 million tickets in the like-for-like terms (+10.4% y/y). Average ticket price went down to EUR 3.9 (-13.8%) and the average number of screens went up by 9.5% to 579.
- During Q1 2009 Cinema City opened 3 multiplexes with 27 screens: Pardubice (8), the Czech Republic, Bacau (8), Romania and Plovdiv (11), Bulgaria. At the end of the quarter the Company was operating 593 screens (including 61 digital) in 64 multiplexes.
- Investments in the cinema circuit development totaled EUR 4.0 million. The company also signed 3 leases for multiplex space in Romania. One project of 6 screens was cancelled in Romania. As at the end of Q1 2009 Cinema City had signed binding agreements for additional 476 screens in 45 multiplexes.
- The Company succeeded to accomplish settlement of sale of its remaining 30% interest in the Mall of Plovdiv project to GE Real Estate and Quinlan Private (Ireland). Revenue from this transaction equaled EUR 23 million with EBITDA of EUR 6 million accounted in the Q1 2009 financial statement. Final accounting of the transuctionis expected in q2 2009.
- Progress in the Mall of Ruse construction. In Q1 2009 the Company started the main stage of construction of the project ,which is expected to be open in second half of 2010.
- In March Cinema City signed a credit agreement with BZ WBK Bank granting the Company a credit of PLN 60 million to finance its theatre chain expansion in Romania and Poland.
Current report No. 10 /2009 dated 15 May 2009: Repayment of credit provided by the Company in connection with settlement of sale of 30% interest in Rilon Bulgaria Jsc
15.05.2009 read moreOrange Wednesdays in Cinema City.
20.04.2009New promotion of Orange and Cinema City
New promotion Orange Wednesdays starts on 22 April in Cinema City and Orange IMAX in Poland. Each subscriber, pre-paid and mix client of Orange, after sending an sms, can buy on Wednesdays two tickets paying for one in all Cinema City multiplexes and Orange IMAX theatres in Poland.
Cinema City: Credit Agreement with BZ WBK for PLN 60 million. Financing growth in Poland and Romania (26 March 2009)
26.03.2009Cinema City Poland, a subsidiary of Cinema City International N.V. (“Cinema City”), has signed a PLN 60 million credit agreement with the bank BZ WBK. The funds will be used to finance development of the Cinema City circuit in Poland and Romania.
read moreCinema City: Mall of Plovdiv in Bulgaria opened; completion of sale of Cinema City’s remaining interest . (23 March 2009)
23.03.2009Cinema City’s second real estate transaction in Bulgaria fully consummated. Modern multiplex now in operation.
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