Kinepolis Group achieves EUR 11.6 million profit and revenue of EUR 112.9 million in the first half of 2010

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Regulatory release

*Kinepolis perpetuates its strategic objectives to be the best marketer, the best cinema operator and the best cinema real estate manager
*Kinepolis continues to invest in customer experience, digitisation (3D), remodelling and new concepts, which supports greater recognition and customer consumption
*This resulted, in combination with the breakthrough of 3D and exceptional success of Avatar, in an increase in the number of visitors of 4.8% and 12.1% growth in revenue
*Further focus on a flexible cost structure and efficiency-raising measures contributed to the growth in the current EBITDA by 40.3% to EUR 30.7 million and a rise in the current profit by 97.6% to EUR 11.8 million
*The Real Estate department achieved a capital gain of EUR 0.9 million on a residential real estate project (Leeuwstraat, Ghent)
*The free cash flow of EUR 12.0 million fell by EUR 9.0 million as against the first half of 2009 (EUR 21.0 million) as a consequence of greater seasonal fluctuations in working capital, the timing of incoming and outgoing payments and higher advance tax payments
*The net financial debt fell further by EUR 2.2 million to EUR 87.2 million (31/12/2009: EUR 89.4 million)

 

 

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 53 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. Since the acquisition of the Canadian movie theatre group 'Landmark Cinemas' in December 2017, Kinepolis also operates 44 cinemas in Canada.

In total, Kinepolis Group currently operates 97 cinemas (45 of which it owns) worldwide, with a total of 884 screens and more than 175,000 seats. Including the acquired Canadian organization, Kinepolis employs 3,800 people, all committed to giving millions of visitors an unforgettable movie experience.

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Contact

A. Van Troos,
Corporate
Communication Manager

Kinepolis Group nv
Schelde 1
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