Finals this morning are ahead of expectations with a 3% PBT beat vs consensus. This translates into a very impressive 17% y-o-y EPS growth vs a stiff FY15 comp of 14%. The key driver of the FY16 performance was the ROW division which had a cracking year, thereby vindicating the diversified nature of Cineworld's business model. Whilst UK progress was relatively muted owing to the FY15 film slate being much stronger and the known ending of the VPF income, the group outperformed the market from an ....
09 Mar 2017
N+1 Singer - Cineworld Group - Beating expectations and positive tenor
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N+1 Singer - Cineworld Group - Beating expectations and positive tenor
Finals this morning are ahead of expectations with a 3% PBT beat vs consensus. This translates into a very impressive 17% y-o-y EPS growth vs a stiff FY15 comp of 14%. The key driver of the FY16 performance was the ROW division which had a cracking year, thereby vindicating the diversified nature of Cineworld's business model. Whilst UK progress was relatively muted owing to the FY15 film slate being much stronger and the known ending of the VPF income, the group outperformed the market from an ....