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Media

Cineworld reports better-than-expected reopening as film fans return

"We are especially pleased with the warm welcome our employees have received"

Cineworld PLC (LON:CINE) has reported a bumper reopening weekend in the UK.

Peter Rabbit 2: The Runaway, was the star attraction with strong sales of concession products such as popcorn said the cinema chain.

Cineworld added that in the US, 502 sites or 97% of its sites have resumed operations.

Poland and Israel reopen this week with the company anticipating most sites will be open by the end of the month.

Mooky Greidinger, chief executive, said: "We are thrilled to have our cinemas back in business in the US and UK and to welcome movie fans back to the big screen for an exciting and full slate of films.

"We are especially pleased with the warm welcome our employees have received, and the positive feedback from returning guests.

"With the releases next week of Cruella, and A Quiet Place 2, we expect next weekend's results to be strong.

"When combined with improving consumer confidence and the success of the vaccination rollout, we expect a good recovery in attendance over the coming months, noting the record-breaking success of F9 in the Asian market."

The group said it had received a full US$203mln tax refund under the US CARES Act.

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