Brief: Kinepolis FY Net Loss Narrows To EUR 25.5 Mln

Kinepolis NV

17/02/2022 06:23

Feb 17 (Reuters) - Kinepolis Group NV  KIPO.BR :
    * KINEPOLIS EMERGES STRONGER FROM 2021 AFTER A TURBULENT
YEAR
    * THANKS TO STRONG COST MANAGEMENT, KINEPOLIS SUCCEEDED IN
LIMITING ITS CASH BURN AS FAR AS POSSIBLE DURING PERIODS OF
CLOSURE
    * IN FIRST HALF OF 2021, THIS WAS LIMITED TO EUR 3.6 MILLION
PER
MONTH
    * KINEPOLIS RECEIVED 17.2 MILLION VISITORS IN 2021, AN
INCREASE OF
42.6% COMPARED TO 2020
    * FY TOTAL REVENUE WAS EUR 266.4 MILLION, AN INCREASE OF
51.1%
COMPARED TO 2020
    * FREE CASH FLOW WAS EUR 48.9 MILLION FOR FULL YEAR
    * FY NET RESULT AMOUNTED TO € -25.5 MILLION, COMPARED TO €
-69.1
MILLION THE YEAR BEFORE (AND € -45.8 MILLION AT THE END OF
JUNE 2021)
    * NET FINANCIAL DEBT, EXCLUDING LEASE LIABILITIES, DECREASED
FROM
EUR 513.3 MILLION AT END OF 2020 (AND EUR 542.3 MILLION IN JUNE
2021) TO EUR 474.5 MILLION AT END OF 2021
    * THE BOARD OF DIRECTORS WILL MAKE A PROPOSAL TO THE GENERAL
MEETING NOT TO DISTRIBUTE A DIVIDEND FOR THE 2021 FINANCIAL YEAR
    * THE RESULT OF THE SECOND HALF OF THE YEAR WAS LARGELY
SUPPORTED
BY THE IMPLEMENTATION OF KINEPOLIS'  'ENTREPRENEURSHIP 2022'
PLAN, WHICH HAS NOW BEEN FULLY IMPLEMENTED.
    * FY EBITDAL  EUR 38,5 MILLION  VERSUS LOSS EUR 14.0 MILLION
YEAR
AGO
    * KINEPOLIS MAINTAINS A COMFORTABLE CASH POSITION, WITH €
199.8
MILLION IN AVAILABLE  FINANCIAL RESOURCES AT THE END OF DECEMBER
2021

Source text for Eikon:  ID:nGNE9xkzHJ 
Further company coverage:  KIPO.BR 

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