Kinepolis posts solid annual results thanks to excellent second half of the year
February 20 2025 - 12:00AM
UK Regulatory
Kinepolis posts solid annual results thanks to excellent second
half of the year
Kinepolis posts solid annual results thanks
to excellent second half of the year
Regulated information
20 February 2025, 7.00 am CET
After a weak first half of the year due to the
Hollywood strike, a stronger film offering from June onwards
ensured a successful film summer and year-end. As a result, in the
second semester, Kinepolis posted its highest revenue and financial
result ever for a second half of the year.
However, the second half could not fully
compensate for the first five months of the year, so all
visitor-related results, for the full year 2024, were at a lower
level than the previous year. Revenue per visitor, on the other
hand, rose again, both in terms of ticket sales (thanks to
investments in and increasing demand for premium formats) and
consumption of drinks and snacks.
2024 illustrates that visitor numbers are
largely driven by international film offerings, which suffered from
the impact of the Hollywood strike at the beginning of the year.
From the summer onwards, the post-pandemic recovery since 2022
continued steadily.
Kinepolis managed to get its financial strength
back to 2019 levels with the current visitor level, seeing
opportunities both for further growth in results – partly driven by
innovation and the rollout of premium concepts - and for the
further expansion of the Group.
A gross dividend of € 0,55 per share will be
proposed to the General Meeting.
Important achievements 2024
- 22 new
ScreenX theatres and 10 new Laser ULTRA theatres in Europe and
North America
- Rollout
of premium seating concepts in Europe and North America
-
Expansion with two cinemas: acquisition of operation in Almería
(ES) and opening of new cinema Landmark Windsor (CA)
-
Renovation of several acquired cinemas, including Amnéville,
Belfort and Béziers (FR)
-
Progress in transition to laser projection: 65% of all screens
equipped with sustainable laser projection (81% in Europe); 115
laser installations planned in 2025
Eddy Duquenne, CEO Kinepolis Group, about the
2024 results:
“Taking into account a weak first half, we
manage to post strong results for 2024. If the (top) films are
there, the visitors naturally follow and it is without doubt clear
that our commitment to 'premiumization' and a quality movie
experience is paying off.
Given that today we are back to our pre-pandemic
financial strength, the expected expansion of the Hollywood film
offering is particularly promising for our Group.”
Report annual results 2024
attached.
- EN PR Annual Results 2024
Kinepolis (TG:KPSN)
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