Half Year 2024 Kinepolis Group NV Earnings Call Transcript

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Aug 22, 2024

Aug 22, 2024 / 11:30AM GMT
Eddy Duquenne - Kinepolis Group NV - Chief Executive Officer, Executive Director

(video playing)

Very welcome for the presentation of the H1 results 2024. As you will see this time, I am alone onstage, but next time, I will be joined by our new CFO, who is in the meantime in the back of the theater. So Pieter-Jan Sonck, who you already met in the meantime and that you will see later during the coffee break.

So very welcome, and I would say this a little bit symbolic for what we witnessed in our theaters, not a lot of visitors because of lack of wide releases with the potential of blockbusters. And this is essentially until the end of May. From June, we welcomed that Bad Boys and later on Inside Out 2 and to last month with a Despicable Me and with Deadpool we are completely on track.

Last month was even a very good month with results realizing half of the EBITDA we made in the first half, so very strong. So 16.7% less visitors by 2.9 million despite a little bit less effect on revenue because the revenue per visitor is slightly higher and all the non ticket related revenues

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