Press Only
EMBARGO: 22/06/07 - 5.45 PM
Kinepolis Group announces that the decline in visitor numbers recorded until mid-May has only been partly offset over the past few weeks.
In the context of its general meeting (18/05/07), Kinepolis had previously reported that sales of cinema tickets were down compared with last year, in line with the decline in the market, as a result of the persistent fine weather and the mediocre range of films on offer up to and including the month of April.
Some ground has been gained over the past few weeks thanks partly to box-office hits such as Spiderman 3, Ocean's 13, Pirates of the Caribbean and Shrek 3. However, the recovery is not going as smoothly as had been hoped. The fall in visitor numbers recorded will have an effect on the group's current half-yearly result and possibly on its current annual result.
The process of organising the real-estate structure is continuing so as to be able to develop and diversify the assets comprising land and buildings. There are no plans to sell real estate, contrary to recent hypotheses put forward in the media.
Kinepolis will be opening its 23rd cinema complex in Ostend (Belgium) on 8 July. On Tuesday, Kinepolis announced another Belgian construction project in Liège for 2009.
Kinepolis will be publishing the visitor numbers for the first six months on 11/07/07 and the half-yearly results on 24/08/07.
Kinepolis will be opening its 23rd cinema complex in Ostend (Belgium) on 8 July. On Tuesday, Kinepolis announced another Belgian construction project in Liège for 2009.
Kinepolis will be publishing the visitor numbers for the first six months on 11/07/07 and the half-yearly results on 24/08/07.