Regulatory release
Kinepolis Group recorded revenue of EUR 231.2 million in 2009, up 6.6% on the previous year. This stems from a 10.3% rise in the current EBITDA to EUR 58.1 million. Current net profit grew by 34% to EUR 20.4 million. The group reports a free cash flow of EUR 39.9 million (up 316%). Net financial debt was EUR 89.4 million as at 31 December 2009.
· Continued development of the group's strategy as regards marketing, cinema operation and property value enhancement is successful. The effects can be seen in sales growth, profit growth and retention of staff, despite a climate of recession.
· Continued investments in innovation and customer appreciation pay off.
· High cash flow thanks to very good results in 2009, sale of CinemaxX and one-off decrease in working capital, resulting in significant debt reduction.
· A dividend of EUR 0.92 is proposed, a rise of 39% vis-à-vis 2008 (EUR 0.66).