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Switzerland
Poland
2%
Luxembourg
1%
The Netherlands
8%
Spain
13%
France
21%
23%
59%
1%
13%
4%
2014
2015
Belgium
55%
Film distribution
1%
B2B
14%
Real estate
4%
Brightfish
5%
In-theatre
sales
22%
21%
54%
2% 4%
4%
15%
2015
Box office
54%
2014
Revenue by country in 2015 vs. 2014
Revenue by activity in 2015 vs. 2014
Kinepolis Film Distribution (KFD) performed
strongly in the second half of the year with ‘Black’
and ‘Safety First’ among other films, but was unable
to offset the lack of local releases in the first half of
the year and the success of ‘The Wolf of Wall Street’
in early 2014.
Current EBITDA rose by 22.5% to € 91.0 million.
This result was primarily due to the integration
effects of acquired complexes, improved operating
efficiency in all countries and higher sales per visitor
fueled by the strong line-up of family films and
blockbusters.
REVENUE
Total revenue in 2015 was € 301.6 million, 14.8%
higher than in 2014. Revenue rose faster than
visitor numbers (+12.5%), as a consequence of the
higher revenue per visitor and the rise in B2B
(+12.7%) and real estate revenue (+14.4% at fixed
exchange rates), partly offset by the disappointing
revenue of KFD (-27.3%).
Total revenue (+14.8%) grew faster than visitor
numbers, due among other things to an increase
in the revenue from ticket sales (Box Office, BO)
and In-theatre sales (ITS) per visitor. The strong
line-up of family films and blockbusters together
with the corresponding success of premium
offers as 3D and Cosy Seating made a large
contribution to this rise. The country mix, with
a higher share for The Netherlands, also had a
positive impact on the average BO and ITS
revenue per visitor.
B2B revenue increased due to more income from
events and the sale of cinema cheques to
companies as well as the higher revenue from
screen advertising in all countries except
Belgium.
Real estate revenue also increased, due among
other things to the Group’s expansion and the
success of concessions managed in-house, such
as the Leonidas Chocolates Café and the
Ola Happiness Station in Antwerp.
Safety First
28
03 / MANAGEMENT REPORT
KINEPOLIS GROUP
ANNUAL REPORT 2015