Press Releases
Cinema City consolidates its position ona developer market in Bulgaria (31 July 2008)
31.07.2008The Cinema City Group (“Cinema City”) has doubled its share in its two affiliated companies constructing shopping malls in Bulgaria, in the cities of Plovdiv and Ruse. Cinema City has purchased from the Ocif Group its 15% and 45% interests in each project, for a total price of EUR 18 million.
read moreCinema City opens the biggest multiplex in Israel, Warsaw, 4 June 2008
04.07.2008Cinema City International (“Cinema City”) has opened a 23-screen multiplex in Haifa. It is the company’s 20th multiplex in Israel and the 5th opened in all the company’s operating markets since the beginning of this year.
read moreCinema City’s financial results for 1Q 2008 (15 May 2008)
15.05.2008 In the 1st quarter of 2008, Cinema City International N.V. (“Cinema City”) generated revenues of EUR 44.9 million (up 17.5% from 1Q 2007), EBITDA of EUR 9.4 million (up 14.6%) and net profit of EUR 4 million (up 5.3%).
In the first three months of this year, Cinema City sold 5.7 million movie tickets (up 9.2%).
In the 1st quarter the company opened 2 cinemas, in Hungary and the Czech Republic, and signed 4 leases for space on the Romanian market. The company also worked on opening more projects, including one multiplex that has already opened, in April in Bydgoszcz, Poland and 9 more that are scheduled to be open in the second half of 2008.
The first full quarter of operations of two Cinema City theaters in Romania (24 more projects are underway) show first positive indicators in secondary cities in the country.
Cinema City opens its 24th cinema in Poland
23.04.2008Warsaw 23 April 2008
Cinema City’s opens today its 24th multiplex in Poland, in the city of Bydgoszcz. The cinema is located in the Focus Park shopping center and it offers 13 screens with 2 300 seats.
Cinema City will develop its fourth shopping mall in Bulgaria
28.03.2008 read moreCinema City’s financial results through 4Q2007
03.03.2008Continued growth of revenues and net profit
read moreNew Cinema City project in Romania
15.02.2008Cinema City International N.V. (“Cinema City”) will open a multiplex in the Romanian city of Deva. It is Cinema City’s 22nd project in Romania, and the second lease to be signed since the beginning of this year. By the end of 2008 the company plans to open 5 or 6 multiplexes in the country.
read moreCinema City sold nearly 20 million tickets in 2007 (29 January 2008)
11.02.2008Growth in Poland significantly outpaces the market, with 11.9 million tickets
There were 32.6 million cinema admissions sold in Poland in 2007, according to data from Boxoffice.pl, a company that monitors this market. That was 1.8% more than in 2006. During the same period, Cinema City’s ticket sales in Poland grew by 21.4%, to 11.9 million. The Cinema City chain as a whole, in its six countries of operation, sold 19.8 million admissions in 2007, which was 15.1% more than in the previous year.
Cinema City signs lease for 21st multiplex in Romania (24 January 2008)
11.02.2008Cinema City International N.V. (“Cinema City”) will open a multiplex in the Romanian city of Suceava. It is Cinema City’s 21st project in Romania. Until the end of the year the Company plans to open 5-6 more multiplexes in this country.
read moreCinema City opens Central Europe’s largest cinema in Budapest (16 January 2008)
11.02.2008Cinema City’s new megaplex opens today in the Arena Plaza mall in Budapest. It will be the largest cinema in Central Europe, with 23 screens and seating for 3,800 moviegoers. One of the halls is the first-ever IMAX® cinema in Hungary offering viewers a 3D experience.
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