Kinepolis Group records net profit of 22 million euros and 46% growth in 2009
(Thomson Reuters ONE) -
Regulatory release
Kinepolis Group recorded revenue of ? 231.2 million in 2009, up 6.6% on the
previous year. This stems from a 10.3% rise in the current EBITDA to ? 58.1
million. Current net profit grew by 34% to ? 20.4 million. The group reports a
free cash flow of ? 39.9 million (up 316%). Net financial debt was ? 89.4
million as at 31 December 2009.
· Continued development of the group's strategy as regards marketing,
cinema operation and property value enhancement is successful. The effects can
be seen in sales growth, profit growth and retention of staff, despite a climate
of recession.
· Continued investments in innovation and customer appreciation pay off.
· High cash flow thanks to very good results in 2009, sale of CinemaxX
and one-off decrease in working capital, resulting in significant debt
reduction.
· A dividend of ? 0.92 is proposed, a rise of 39% vis-à-vis 2008 (?
0.66).
[HUG#1388865]
Annexes: http://hugin.info/133948/R/1388865/347106.pdf
Press release annual results: http://hugin.info/133948/R/1388865/347105.pdf
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Datum: 26.02.2010 - 01:00 Uhr
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News-ID 1010734
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