Press Releases
Summary of the Consolidated Financial Information for the year 2008 (13 March 2009)
13.03.2009 read moreThree new multiplexes in Romania
23.02.2009Agreement of TriGranit and Cinema City
TriGranit Development Corporation and Cinema City Romania SRL, have announced a deal for three new multiplexes in Romania.
The deal covers the projects of TriGranit in the cities of Constanta (opening estimate 2010), Brasov (beginning 2011) and Riverfront in Cluj, in all of the projects CCR will open multiplex.
Cinema Park to start up in Cinema City Kinepolis in Poznań, Poland (6 February 2009)
06.02.2009Following the success and warm welcome to the "Cinema Park" project in Cinema City Bemowo in Warsaw, Cinema City Poland announces today the opening of the second Cinema Park that will be opened soon in Poznan. Cinema Park is a project that combines entertainment and education, using special effects synchronized with sound and picture in the cinemas halls. The project in Poznan is scheduled to open in the 2nd quarter 2009.
read moreCinema City opens in Bacau, Romania (30 January 2009)
30.01.2009The fourth Cinema City in Romania is open.
Cinema City International N.V. (“Cinema City”) is opening today a multiplex of 8 screens and 1 324 seats in Bacau, Romania. The cinema is equipped with one digital projector with 3D facility.
Cinema City in Pardubice opens today (15 January 2009)
15.01.2009First Cinema City opening in 2009.
Cinema City International N.V. (“Cinema City”) is opening today a multiplex of 8 screens in Pardubice, the Czech Republic. It is the 5th Cinema City in the country.
Cinema City opens the multiplex in Cluj in Romania
23.10.2008Cinema City International N.V. (“Cinema City”) opens today its 3rd multiplex in Romania, in the city of Cluj. By the end of this year or early next year Cinema City plans to open additional two multiplexes in the cities of Bacau and Pitesti.
read moreCinema City opens multiplex in Zielona Gora, Poland
17.10.2008Cinema City International N.V. (“Cinema City”) opened a multiplex today in Zielona Góra. The cinema has 9 screens and about 1,300 seats. It is Cinema City’s 25th theatre in Poland.
read moreCinema City expands in Poland (26 September 2008)
26.09.2008 read moreCinema City signs lease for its 30th multiplex in Romania in the city of Sibiu. (26 September 2008)
26.09.2008Cinema City International N.V. (“Cinema City”) will open a multiplex in the Romanian city of Sibiu. It is Cinema City’s 30th project in Romania. In the coming years Romania will be the second largest market of operations for Cinema City. The current investment pipeline provides for opening of additional 285 screens in the country.
read moreCinema City financial results in the 1st half of 2008
14.08.2008Clear growth in sales and profit
- Through the 1st half of 2008, Cinema City International N.V. (“Cinema City”) earned revenues of EUR 92 million (growth of 14.6% over the same period in 2007), EBITDA of EUR 21.9 million (growth of 21.4%) and net profit of EUR 10.6 million (growth of 12.5%).
- In the 2nd quarter alone, revenues were EUR 47.1 million (an increase of 11.9%), EBITDA was EUR 12.5 million (up 26.9%), and net profit was EUR 6.6 million (up 17.3%).
- Revenue from cinema operations grew by 22.1%, to EUR 70.6 million through the 2nd quarter, and in the 2nd quarter alone by 23.9%, to EUR 32.7 million. During the first half of the year, Cinema City sold 10.1 million cinema tickets (+ 8.6%), of which 4.4 million tickets were sold in the 2nd quarter alone (up nearly 8%).
- Cinema City continued the growth in its chain of multiplexes. In the first 6 months of 2008 the Company opened cinemas in Budapest, Hungary (23 screens), Pilzen, the Czech Republic (10 screens), Bydgoszcz, Poland (13 screens), and Modi’in, Israel (6 screens) and through early August 2008 it has already signed 9 further leases in Romania.
- The Company recently launched the “digitalization” of its chain. 100 state-of-the-art digital projectors are to be installed in 2008 and 2009, including 15 which were already installed in cinemas in Israel, Hungary and Poland.
- Increase of holdings in its three existing real estate development projects in Bulgaria became effective upon signing agreements in July 2008, whereby the Company doubled its share in all three projects.