5 128
Word from the
Chairman and CEOs
Ladies and Gentlemen,
Dear shareholder, customer and employee,
2016 was an exceptional year of expansion for Kinepolis,
with the opening of five new build complexes in the
Netherlands, Spain and France, and the successful
integration of acquired complexes. In spite of the less
strong film offer, the European football championships
and fewer holidays in 2016, the Group posted solid
results with a rise in REBITDA per visitor in virtually
all countries.
The number of visitors rose from 7.5% to 23.8 million,
primarily due to acquisitions in 2015 that were included
in the figures for the whole year for the first time, the
acquisition of a cinema in Rouen (France) in January
2016 and newly opened cinema complexes in the
Netherlands (Dordrecht, Breda, Utrecht), Spain
(Granada) and France (Fenouillet). The film offer in 2016
was unable to match an exceptional 2015, which
included ‘Minions’, ‘Jurassic World’ and ‘Star Wars:
The Force Awakens’, and local content also disap-
pointed in most countries.
Total revenue rose by 7.7% to € 324.9 million, outpacing
the rise in visitor numbers, due to an increase in
revenue in all business lines except Brightfish. Sales per
visitor increased again in virtually all countries, in spite
of a negative impact due to the changed country mix,
with a lower share for Belgium.
Current EBITDA rose less strongly, by 4.0% to € 94.6
million, primarily due to the changed country mix,
the ongoing process of integrating acquired cinemas
and the acquisition of Utopolis with partly leased
complexes. On the other hand, REBITDA per visitor
increased in all countries except France.
5
KINEPOLIS GROUP
ANNUAL REPORT 2016
02 / ANNUAL SUMMARY