Kinepolis welcomed 4.8% more visitors, generated 7.9% more revenue and 11.2% more REBITDA in the first half of 2017

Regulatory release24 August 2017, 7a.m.The number of visitors increased in the first half of 2017, mainly thanks to the contribution of the newly opened cinemas in the Netherlands and France in 2016 and 2017. The continued implementation of the strategic pillars and product innovation...

London, 24/08/2017 (informazione.news - comunicati stampa - turismo)

Regulatory release

24 August 2017, 7a.m.

The number of visitors increased in the first half of 2017, mainly thanks to the contribution of the newly opened cinemas in the Netherlands and France in 2016 and 2017.

The continued implementation of the strategic pillars and product innovation resulted in a continuing increase in sales per visitor in all countries and further optimization of commercial and operational performance.

In the first quarter of 2017 performance was rather good thanks to films such as "Fifty Shades Darker", "Sing", "La la Land", "Beauty and the Beast" and "Logan", but comparisons were difficult due to a very strong first quarter of 2016, which included 'Star Wars Episode VII: The Force Awakens', 'Deadpool' and 'The Revenant'. The first quarter of 2017 was followed by a strong April, but visitor numbers were then negatively impacted by the good weather in May and June, which resulted in a rather weak second quarter.

Visitor-related revenue (from the sale of tickets, beverages and snacks) increased by 9.2% compared to the same period the previous year. Box Office (BO) revenue per visitor rose, among other things due to the higher share of 3D and the introduction of IMAX, the higher share of alternative content, the positive impact of the country mix and price adjustments in the renovated complexes. Revenue from the sale of beverages and snacks (In-theatre sales, ITS) also rose in all countries.

Growth in B2B and real estate revenue also outpaced the visitor figure. The revenue of Brightfish and Kinepolis Film Distribution (KFD) decreased. At Brightfish the fall was due to fewer events with partners. The film distribution activity suffered from less film releases, especially compared to a very strong first half of last year, with the local successes 'Safety First' and 'Achter de Wolken'. 

"I'm satisfied with our performance in the first half of the year. In spite of the good weather and a less successful line-up in the second quarter, we managed to continue growing, due among other things to successful product innovation and further improvements in commercial and operational performance. Over the coming period, management will continue to focus on the integration of acquired cinemas, the growth of the newly opened cinemas and the further expansion of the Group."