Brief: Kinepolis FY Net Result Turns To Loss Of EUR 69.1 Mln

Kinepolis NV

25/02/2021 06:14

Feb 25 (Reuters) - Kinepolis Group NV  KIPO.BR :
    * REG-KINEPOLIS LIMITS CASH BURN IN 2020 AND MAINTAINS A
SOLID
FINANCIAL BASIS THROUGHOUT THE COVID-19 CRISIS
    * KINEPOLIS WELCOMED 12.1 MILLION VISITORS IN 2020
    * 2020 NET RESULT AMOUNTED TO EUR -69.1 MILLION
    * FREE CASH FLOW AMOUNTED TO EUR -56.5 MILLION FOR FULL
YEAR.
    * PROPOSAL NOT TO DISTRIBUTE A DIVIDEND FOR 2020 FINANCIAL
YEAR
    * NET FINANCIAL DEBT, EXCLUDING LEASE LIABILITIES, COMPARED
TO 31
DECEMBER 2019, INCREASED FROM EUR 417.0 MILLION TO EUR 513.3
MILLION
    * TOTAL REVENUE PER VISITOR ALSO INCREASED DURING 2020
    * LIQUIDITY RESERVE OF EUR 171.0 MILLION AT START OF THIS
YEAR
    * FY EBITDAL LOSS EUR 14.0 MILLION VERSUS PROFIT EUR 142.2
MILLION
YEAR AGO
    * TOTAL REVENUE IN 2020 AMOUNTED TO € 176.3 MILLION
    * KINEPOLIS CONCLUDES 3-YEAR CREDIT OF € 80.0 MILLION AND
EXTENDS
THE COVENANT HOLIDAY

Source text for Eikon:  ID:nGNE9cR3Pk 
Further company coverage:  KIPO.BR 

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