Brief: Kinepolis Group EBITDA, EBITDAL Positive For Every Month In Q3

Kinepolis NV

27/10/2022 06:21

Oct 27 (Reuters) - Kinepolis Group NV  KIPO.BR :
    * IN THE THIRD QUARTER OF 2022, KINEPOLIS WELCOMED 74.3% OF
THE
VISITORS THAT WERE RECEIVED IN THE SAME  PERIOD IN 2019
(PRE-COVID)
    * THE RECOVERY OF CINEMA ATTENDANCE WAS PROMISING IN THE
FIRST
HALF OF THE  YEAR, BUT THEN SUFFERED FROM A WEAKER OFFERING OF
FILMS DURING A VERY HOT SUMMER
    * IN 2022, UP TO AND  INCLUDING THE MONTH OF SEPTEMBER,
KINEPOLIS
WELCOMED 76.1% OF THE VISITORS WELCOMED IN THE SAME  PERIOD IN
2019.
    * Q3 SALES PER VISITOR (TICKETS, DRINKS AND SNACKS) REMAINED
HIGH
AND WERE HIGHER THAN IN 2021
    * THE NET FINANCIAL DEBT, EXCLUDING LEASE LIABILITIES,
INCREASED
FROM € 450.0 MILLION TO  € 460.1 MILLION COMPARED TO 30 JUNE
2022.
    * WE ARE LOOKING FORWARD TO A SUCCESSFUL FOURTH  QUARTER,
WITH A
PROMISING OFFERING OF FILMS, ALSO IN TERMS OF LOCAL CONTENT. -
CEO
    * BOTH EBITDA AND EBITDAL (EBITDA ADJUSTED FOR LEASES) WERE
POSITIVE FOR EVERY MONTH IN THE  THIRD QUARTER
    * THE NET PROFIT, AS WELL AS THE FREE CASH FLOW, EXCLUDING
WORKING
CAPITAL, WERE POSITIVE FOR THE  THIRD QUARTER.

Source text for Eikon:  ID:nGNEnj6Fh 
Further company coverage:  KIPO.BR 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))