Kinepolis achieves EUR 111 million revenue and EUR 14 million profit in the first half year

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Half-yearly Financial Report 30 June 2011
Press Release - regulated information
25 August 2011 - 7am

 

* 9.6 million visitors: 6.8% less than in the 'Avatar' half year (first half 2010)
* Box office revenue  and In-theatre Sales  decreased respectively by 4.9% and 1.1%
* More Business-to-business revenue
* Real estate: rental income stable
* Current  EBITDA  in line with prior year (-1.9%)
* Current profit rose by 16.4%
* Capital gain (after tax) of EUR 0.3 million on second phase real estate development in Ghent (project Blyweert)
* Increased free cash flow , especially through working capital movements (seasonality and timing effects)
* Net financial debt of EUR 64.9 million as at 30 June 2011 compared to EUR 67.0 million as at 31 December 2010

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 64 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 110 cinemas worldwide, with a total of 1,144 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.

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Contact

A. Van Troos,
Corporate
Communication Manager

Kinepolis Group nv
The Office I
Moutstraat 132-146
B - 9000 Gent

E: pressoffice@kinepolis.com
T: +32 9 241 00 16

Contact

Kinepolis Group NV
Schelde 1
Moutstraat 132-146
B-9000 Gent

+32 9 241 00 00