Brief: Kinepolis Group H1 Net Loss Widens To 45.8 Mln Euros

Kinepolis NV

19/08/2021 06:29

Aug 19 (Reuters) - KINEPOLIS GROUP NV  KIPO.BR :
    * PROMISING RESTART FOR KINEPOLIS GROUP AFTER LENGTHY
CLOSURES IN
FIRST HALF-YEAR
    * KINEPOLIS WELCOMED 2.2 MILLION VISITORS IN FIRST HALF OF
YEAR,
OR 26.9% OF VISITORS IN SAME PERIOD IN 2020
    * H1 TOTAL REVENUE IN ALL COUNTRIES FELL LESS SHARPLY THAN
VISITOR
NUMBER
    * FREE CASH FLOW AVERAGED EUR -3.6 MILLION PER MONTH IN
FIRST
SEMESTER, AND WAS POSITIVE IN Q2
    * H1 NET RESULT AMOUNTED TO EUR -45.8 MILLION VS EUR - 29.7
MILLION YR AGO, DUE TO NEGATIVE OPERATING RESULT, AS WELL AS
DEPRECIATION AND FINANCIAL COSTS, AND WAS PARTLY OFFSET BY TAX
IMPACT
    * H1 EBITDA LOSS OF EUR -7.1 MILLION. BOTH EBITDA AND
EBITDAL WERE
POSITIVE AGAIN IN MONTH OF JUNE
    * LIQUIDITY POSITION OF EUR 141.9 MILLION AT END OF JUNE
2021
    * H1 TOTAL REVENUE EUR 36.8 MILLION VERSUS EUR 112.6 MILLION
YEAR
AGO
    * IN JUNE, KINEPOLIS WELCOMED IN THE CINEMAS THAT WERE OPEN
AN
AVERAGE OF 50% OF EQUIVALENT VISITOR NUMBERS IN 2019 (A
PRE-COVID RECORD YEAR) AND THIS ROSE TO AN AVERAGE OF 62% IN
JULY

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

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