Belgian cinema group Kinepolis posts first annual loss in over decade

Kinepolis NV

25/02/2021 06:13

Feb 25 (Reuters) - Belgian cinema company Kinepolis Group
 KIPO.BR  on Thursday reported its first annual loss in at least
13 years, following months of forced closures,
coronavirus-related restrictions and blockbuster delays.
    The group, which operates over 100 cinemas across Europe and
North America, posted a 2020 loss of 69.1 million euros ($84.15
million) on sales of 176.3 million euros, down 68%.
    Analysts had forecast a current net loss of 75.5 million
euros from sales of 183.8 million.

($1 = 0.8212 euros)

 (Reporting by Sarah Morland in Gdansk
Editing by Tomasz Janowski)
 ((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))