Kinepolis Group NV Reports Earnings Results for the Full Year Ended December 31, 2020
February 24, 2021
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Kinepolis Group NV announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was EUR 176.282 million compared to EUR 551.482 million a year ago. Operating loss was EUR 65.663 million compared to operating Income of EUR 101.037 million a year ago. Net loss was EUR 68.879 million compared to net income of EUR 54.352 million a year ago. Basic loss per share from continuing operations was EUR 2.56 compared to basic earnings per share from continuing operations of EUR 2.02 a year ago. Diluted loss per share from continuing operations was EUR 2.54 compared to diluted earnings per share from continuing operations of EUR 2.01 a year ago.
Kinepolis Group NV specializes in operating multiplex movie theaters. The activity is organized around 3 areas:
- operation of cinema multiplexes: sale of tickets, confectionery, and beverages, sale of advertising space, event organization, etc. At the end of 2023, the group has a network of 109 cinemas in Belgium (11), Canada (36), the Netherlands (19), France (18), the United States (10), Spain (10), Luxembourg (3), in Switzerland and Poland;
- leasing of commercial spaces: restaurants, outlets, etc.;
- other: cinematographic distribution and production, and technical services (primarily technical assistance and projector maintenance; Decatron).