Kinepolis Group achieves EUR 6.3m net profit in first half

| General
Regulatory release
 
Kinepolis ended the first half of 2009 with revenue of EUR 100.7m, EBITDA of EUR 21.5m and net profit of EUR 6.3m.  Earnings per share (EPS) rose from EUR 0.68 to EUR 0.94.
 
Recurring EBITDA of EUR 21.9m is up slightly on the first half of 2008. The effect of the 5.3% fall in admissions was offset by a combination of better product mix, various revenue-supporting measures and cost control.
With a much improved financial result thanks to lower net financial debt and lower interest costs, recurring net profit rose by EUR 1.3m from EUR 4.7m to EUR 6.0m.
Free cash flow improved considerably thanks to better working capital management and lower interest payments and taxes.
 
H1/2009 results were also affected by various non-current transactions: on the income side two-thirds of the capital gain on the sale of the minority participation in CinemaxX (+EUR2.0m), on the cost side a provision for doubtful debtors, an impairment, a restructuring cost and a tax recovery totalling EUR 1.6m. Last year the first half result consisted solely of recurrent items.

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