Kinepolis: Rise as cost control drives positive EBITDA

Kinepolis NV

30/10/2020 09:56

** Shares in Kinepolis  KIPO.BR  jump 5% after the
Belgium-listed cinema chain demonstrated rising visitors number
quarter-on-quarter, good cost control and ample liquidity in Q3
 urn:newsml:reuters.com:*:nFWN2HL0MA
    ** Despite sharp drop in revenue, the company delivered
positive EBITDA in the quarter thanks to its cost control
measures
    ** Q3 results show that Kinepolis' strategy help them to
manage the COVID-19 crisis optimally and contain its impact,
says KBC 
    ** KBC points out that at the start of the pandemic, the
company had liquidity position of almost EUR 190 mln, and it
still has EUR 127.3 mln in cash and unused available credit
lines at the end of Q3
    ** "Even in the event of a worldwide closure, the available
financial resources are sufficient to meet all of its
commitments for 12 months", says the company 

 ((masha.trybus@thomsonreuters.com))