Kinepolis generates 246.0 million euro revenue and 37.5 million euro profit in spite of fewer visitors

| Financial

2013 vs 2012

* The number of visitors decreases to 18.2 million, 7.9% less than in 2012. 
* Total revenue decreases by just 3.3% thanks to higher revenue per visitor, together with the increase in revenue from other activities.
* Increased revenue per visitor, improved operational efficiency and lower overhead costs lead to a 9.5% increase in current EBITDA per visitor.
* Current  EBITDA  increases by 0.9% to 74.6 million euro.
* At 37.4 million euro current profit remains on a par with last year's level and earnings per share increase by 12.4% to 6.91 euro.
* Dividend per share rises by 35.2% to 3.19 euro on the basis of a 45% pay-out ratio and the current number of dividend eligible shares.

The number of visitors decreases with 7.9%, mostly due to the lack of local films in France, the consumer spending crisis and VAT increase in Spain, the severe winter weather in early 2013 and the hot summer in Belgium and France. Virtually all countries experienced a strong recovery at the end of the fourth quarter; in Belgium this was strengthened by the success of Flemish films. In spite of the decrease in the number of visitors by 7.9% or 1.6 million, turnover fell by just 3.3%, thanks to the increase in revenue per visitor, the growth of the business-to-business activities and higher revenue from film distribution. This revenue growth and the continued improvement of operational efficiency result in a rise in current EBITDA by 0.9% to 74.6 million euro and a constant current profit of 37.4 million euro. This result, combined with the share buy-back programme executed in 2013, leads to strong value creation for shareholders. Earnings per share rise by 12.4% and dividend per share by 35.2% based on the current number of dividend eligible shares. 

Kinepolis generates a free cash flow  of 46.3 million euro. In spite of the share buy-back for 28.6 million euro (cash movement), net financial debt decreases by 2.1 million euro to 88.1 million euro, keeping the debt ratio very low at 1.2 times EBITDA.

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 109 cinemas worldwide, with a total of 1,131 screens and more than 200,000 seats. Kinepolis’ employees are all committed to giving millions of visitors an unforgettable movie experience. 

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A. Van Troos,
Communication Manager

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

T: +32 9 241 00 16


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

+32 9 241 00 00