Kinepolis: Cinemas close once again, shares drop

Kinepolis NV

19/11/2020 13:53

** Shares in Kinepolis  KIPO.BR  drop 2.2% after the
Belgium-listed cinema chain says it has been forced to once
again close cinemas in some regions 
    ** This follows restrictions aimed at tackling the spread of
the coronavirus, with the group however noting that some cinemas
closed since the end of October have reopened under various
sanitary regimes  urn:newsml:reuters.com:*:nFWN2I50Q7
    ** The majority of Kinepolis' workforce is on partial
unemployment, spokeswoman Anneleen Van Troos told Reuters, "as
it makes use of different countries' temporary support measures
to limit personnel costs during closures"
    ** In August, Kinepolis reported its first mid-year net lost
in at least 13 years following months of cinema closures
 urn:newsml:reuters.com:*:nL8N2FM1VJ
    ** Among the 5 analysts that cover Kinepolis, the breakdown
of recommendations is 4 "strong buy" or "buy," and 1 "hold"