Strong recovery of operational result and free cash flow
77,2% of 2019 attendance in H1 2022, resulting in 93,5%(1) of H1 2019 revenue
Q1 still impacted by closures & restrictive measures
Attendance driven by successful blockbusters, essentially in May and June
June: 107,0% visitors vs 2019
Q2: 86,9% visitors vs 2019, resulting in 103,9%(1) of Q2 2019 revenue
Countries that lagged behind (Spain & USA) are catching up
Strong start of the summer holiday, followed by heat impact in several countries
Strong contribution of Entrepreneurship plan, strengthening the profitability of the Group and product range development
Sales per visitor remain high due to a higher demand for experience and premium products, resulting in a faster recovery of turnover
All other business lines show smooth recovery, especially B2B and screen advertising
Regained financial strength will allow Kinepolis to invest further in expansion and premiumisation strategy
(1) Corrected for one-offCovid-19 related items
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Strategic pillars
Best Marketer
Best Cinema Operator
Best Real Estate Manager
Highlights H1 2022
Q1 still impacted by closures & restrictive measures
Further roll-out of premium products in Europe, Canada and preparation for the United States
200 laser upgrades in 2022
Entrepreneurship plan fully executed
Star plans ongoing
Takeover of the operation of two Spanish cinemas, in Marbella and Barcelona (effective from the beginning of November 2022)
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Appointment of Mr. Jeroen Mouton as CFO of Kinepolis Group, effective from 15 November 2022
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Disclaimer
Kinepolis Group NV published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 12:23:04 UTC.
Kinepolis Group NV specializes in operating multiplex movie theaters. The activity is organized around 3 areas:
- operation of cinema multiplexes: sale of tickets, confectionery, and beverages, sale of advertising space, event organization, etc. At the end of 2023, the group has a network of 109 cinemas in Belgium (11), Canada (36), the Netherlands (19), France (18), the United States (10), Spain (10), Luxembourg (3), in Switzerland and Poland;
- leasing of commercial spaces: restaurants, outlets, etc.;
- other: cinematographic distribution and production, and technical services (primarily technical assistance and projector maintenance; Decatron).