Brief: Kinepolis Visitors In Q3 Down 75.9% YOY, Adj. EBITDA Positive

Kinepolis NV

30/10/2020 06:18

Oct 30 (Reuters) - Kinepolis Group NV  KIPO.BR :
    * REG-BUSINESS UPDATE Q3 2020: KINEPOLIS STANDS STRONG AMID COVID-19 CRISIS
    * QRTLY NET PROFIT WAS NEGATIVE DUE TO THE LOWER OPERATING RESULT,
    * RECEIVED 2.4 MILLION VISITORS IN THE THIRD QUARTER, OR A QUARTER OF LAST
YEAR'S
VISITORS
    * NUMBER OF VISITORS DOWN 75.9% Y-O-Y IN Q3
    * QRTLY ADJUSTED EBITDA WAS POSITIVE THANKS TO THE COST CONTROL MEASURES
TAKEN
    * FREE CASH FLOW IN THE THIRD QUARTER AMOUNTED TO € -5.6 MILLION
    * NET FINANCIAL DEBT, EXCLUDING LEASE LIABILITIES, INCREASED FROM € 462.8
MILLION
TO € 478.9 MILLION COMPARED TO 30 JUNE 2020
    * END-QRTR TOTAL REVENUE HAS DECREASED LESS COMPARED TO THE DECREASE IN
VISITOR
NUMBERS
    * AT THE END OF SEPTEMBER, KINEPOLIS STILL HAD € 127.3 MILLION IN CASH AND
UNUSED
AVAILABLE CREDIT LINES
    * NEXT EVEN IN EVENT OF WORLDWIDE CLOSURE, AVAILABLE FINANCIAL RESOURCES ARE
SUFFICIENT TO MEET ALL OF GROUP'S COMMITMENTS FOR 12 MONTHS

Source text for Eikon:  ID:nGNE4L4CKT 
Further company coverage:  KIPO.BR 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))