Kinepolis Group Results H1 2023

Analyst Meeting

August 17, 2023

Business review

H1 2023

CEO, Mr. Eddy Duquenne


  • Record high revenue: +19,8% compared to H1 2019 (+25,1% vs H1 2022) with -5,3% visitors versus 2019
  • Impact of Entrepreneurship & STAR plans, combined with the further execution of the Kinepolis strategy
  • Faster increase of revenue due to record high sales per visitor, driven by a bigger offer of and higher demand for premium movie experiences
  • Record high EBITDA and EBITDAL
  • +22,8% visitors compared to H1 2022; 94,7% of H1 2019 visitors
    • Confirmation that strong films drive further recovery of visitor numbers
    • International release calendar expected to be back to pre-pandemic levels in 2024
    • 74,8% of H1 2019 visitors on a like-for-like basis (excluding expansion since 2019) → potential for further growth
  • External expansion
  • Net financial debt, excluding lease liabilities, decreased slightly, despite high investments in maintenance and internal expansion (roll-out of 'premium' movie experiences)



  • Strategic pillars
    • Best Marketer
    • Best Cinema Operator
    • Best Real Estate Manager
  • Acquisition and successful integration of cinema in Belfort (FR)
  • Expansion of partnership with IMAX, including 6 brand new IMAX theatres (Kirchberg (LU), Madrid (ES), Nîmes (FR), Liège (BE), Landmark Waterloo (CA) and MJR Southgate (US)) and 2 upgrades to IMAX Laser
  • Further roll-out of premiumisation: Premiere Seats (CA), VIP Seats (US) and Laser ULTRA in Canada and US
    • Premiere Seats installed in 17 Landmark Cinemas to date
    • Renovation of Landmark Waterloo, Ontario to include recliners, Premiere Seats and Laser ULTRA
    • Second Laser ULTRA theatre in US, in MJR MarketPlace Sterling Heights
  • Entrepreneurship and Star Plans on track


Acquisition Belfort (FR)



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Kinepolis Group NV published this content on 17 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2023 13:31:03 UTC.