Hollywood strike weighs on Kinepolis' visitor numbers in first half of 2024, but line-up for the rest of the year is promising

Hollywood strike weighs on Kinepolis' visitor numbers in first half of 2024, but line-up for the rest of the year is promising Regulatory release22 August 2024, 7:00 am CETKinepolis had a challenging first half of the year, as expected, with fewer visitors due to a poor blockbuster offering. Last year's long strike in Hollywood prevented a return to the rich film offering from before the pandemic, but improvement is heralded. Since June, a turnaround has begun thanks to the success of...

Gent, 22/08/2024 (informazione.it - comunicati stampa - turismo)

Regulatory release

22 August 2024, 7:00 am CET

Kinepolis had a challenging first half of the year, as expected, with fewer visitors due to a poor blockbuster offering. Last year's long strike in Hollywood prevented a return to the rich film offering from before the pandemic, but improvement is heralded. Since June, a turnaround has begun thanks to the success of 'Inside Out 2' and 'Deadpool & Wolverine', among others, and numerous big releases are planned in the autumn, including the highly anticipated 'Joker: Folie à Deux', 'Gladiator II' and 'Moana 2'.

Revenue, EBITDA, EBITDAL and profit decreased in the first half compared to the same period last year, due to the decline in visitor numbers. In contrast, revenue per visitor increased slightly again. Kinepolis remains an industry leader in terms of financial results and continues to invest in innovation and premium movie experiences that lead to higher customer satisfaction and revenue growth per visitor, and contribute to the Group's long term performance development.

Important achievements H1 2024

Key figures H1 2024

Eddy Duquenne, CEO Kinepolis Group, on the first half of the year:

“The strike has further delayed the recovery of Hollywood's offerings, and we note that the impact of this is mainly felt in the period up to and including May. As of June, new major releases such as 'Inside Out 2' and 'Deadpool & Wolverine' are breaking new Box Office records, setting the tone for an autumn with a better-filled film calendar.

Our strategic commitment to customer experience continues to deliver very positive results, including in North America. I am also particularly proud of the successful organisation of our first Kinepolis Innovation Lab Summit, which provides a new momentum on creativity and innovation from the floor.”

Interim financial report attached.

Figures from 1 January to 30 June 2024.

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