Promising reopening of cinemas worldwide: in June 2021 Kinepolis welcomed 50% of 2019 visitors in opened cinemas, evolving to 62% in July
H1 2021 overall: 2,2 million visitors or 26,9% of visitors in H1 2020
Cinema revenue per visitor increased in nearly all countries, compared to 2019
Blockbuster performance still impacted by Covid-19, Covid impact varies per country
Covid restrictions vary per country and are still in place such as mouth mask, reduced capacity, Covid certificate,…
High customer satisfaction and intention for repeat visits
Positive operational result and ongoing management of cash consumption led to a positive free cash flow in Q2
(€ 1,1 million) with 50% of 2019-admissions in the month of June
NFD increased with only € 2,7 million in Q2 due to € 3,8 million investments in new-builds
Comfortable liquidity position of € 141,9 million per end of June 2021 (increased to € 174,3 million per end of July)
€ 38,3 million investments in new-builds since the beginning of 2020
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Further execution of Kinepolis' business strategy
Best Cinema Operator
Best Marketer
Best Real Estate Manager
On track in execution of Entrepreneurship plan & start-up of Star plan to secure the Group's future performance
Highlights
Successful reopening campaigns (f.e. BE)
First national premiere events since start pandemic (Jungle Cruise, FF9, Black Widow, …)
Great start for new-builds Kinepolis Leidschendam (NL), Kinepolis Haarlem (NL), Kinepolis Metz Waves (FR), Landmark Edmonton Tamarack (CA)
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Kinepolis Metz Waves (FR), opened May 19
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Kinepolis Group NV published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2021 12:03:03 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).