Kinepolis Group NV reported earnings results for the first quarter ended March 31, 2012. The current EBITDA fell slightly due to the lower number of visitors. This decrease was limited due to results of ITS, the business-to-business and real estate activities and the continued focus on improving efficiency, on margin-improving measures and fixed cost control. The net financial debt remained at the same level in comparison with the net financial debt as at 31 December 2011, in spite of the continuation of the share buyback program for over 10 million during the first quarter. On 12 March 2012, Nicolas De Clercq was appointed as Chief Financial Officer of Kinepolis Group. Nicolas De Clercq succeeds Henk Rogiers. Nicolas De Clercq, 40 years of age, has many years of international and financial experience in various sectors. Previously, he was Vice President Finance at USG People, where he was financially responsible for both the Dutch and German markets of USG People.