3 December 2019 – trading statement

The company has issued a trading update for the period from 1 January to 1 December and this has confirmed that trading for the full year is likely to be slightly below expectations.  This is largely due to disappointing box office revenues although this has been partially offset by cost savings.  The integration benefits of Regal are greater than expected and with some impressive new film releases to come the medium term prospects for the group are encouraging.  We re-iterate our recommendation of BUY.