Kinepolis Group ended the first half of 2008 with revenue of EUR 101.1m, EBITDA of EUR 21.6m, operating profit of EUR 9.7 m, and net profit of EUR 4.7 m.
Kinepolis results for the first half of 2008 are determined solely by recurrent items, unlike the first half of 2007, when non-recurring transactions flattered net profit by approx. EUR 3 million (net profit H1 2007: EUR 8.2 m). After eliminating the non-recurring items, recurring operating profit is practically on a par with that of last year. Recurring net profit for H1 2008 (EUR 4.7m) remains in line with that of H1 2007 (EUR 5.2m).
With the economy weakening and inflation rising, these results can be considered satisfactory.
Kinepolis Group achieves EUR 4.7m net profit in first half year
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Financial
About Kinepolis
Kinepolis Group NV was formed in 1997 as a result of the merger of two family-run cinema groups and was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering model within the industry. In addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management.
In Europe, Kinepolis Group NV has 63 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. Since the acquisition of Canadian movie theatre group Landmark Cinemas and American movie theatre group MJR Theatres, Kinepolis also operates 36 cinemas in Canada and 10 in the US.
In total, Kinepolis Group currently operates 108 cinemas worldwide, with a total of 1,137 screens and more than 200,000 seats. Kinepolis’ employees are all committed to giving millions of visitors an unforgettable movie experience. More information on www.kinepolis.com/corporate.
Contact
A. Van Troos,
Corporate
Communication Manager
Kinepolis Group nv
The Office I
Moutstraat 132-146
B - 9000 Gent