Belgian cinema operator Kinepolis rises on Spanish expansion

Kinepolis NV

19/09/2024 10:12

** Kinepolis  KIPO.BR  up 2.5% after the Belgian cinema
operator said it is expanding operations in Spain
    ** Stock outperforming SBF120 index  .SBF120 , which is up
1.7%
    ** Co acquiring two rented cinemas in Almeria and Madrid,
taking the number of cinemas it operates in the country to 12
    ** "Their combined impact is, we estimate, less than 2% of
EPS so not material. All in all, a marginal positive for the
story," ING says
    ** KIPO "moving closer to the no. 1 position in Spain",
brokerage Degroof Petercam notes
    ** YTD, KIPO down 13.5%
    

 (Reporting by Stéphanie Hamel)
 ((stephanie.hamel@thomsonreuters.com))