The Belgian cinema chain Kinepolis had 71% more visitors in 2022 than in 2021. Turnover thus increased by 87.7% last year. Kinepolis announced this today. Visitor numbers rebounded to 72.7% of pre-Covid levels, generating 90.6% of 2019 revenue.
Total revenue reached €499.9 million, an increase of 87.7% compared to 2021 or 90.6% of the turnover generated by Kinepolis in a record year 2019.
Kinepolis received 29.3 million visitors in 2022, an increase of 70.7% compared to 2021. These visitor numbers represent 72.7% of visitors in 2019.
Net profit amounted to 27.5 million euros. Net financial debt, excluding lease liabilities, decreased from €474.5m at the end of 2021 to €423.5m at the end of 2022.
Eddie Duquesne, CEO of Kinepolis Group, on 2022 results: “I am particularly proud of the volume of business and the result we achieved with these visitor numbers. We are excited about what Hollywood is doing with its theatrical release calendar for the coming years, especially given the success of domestic and Hollywood blockbusters over the past year.”
Kinepolis has a total of 62 cinemas in Europe, including 20 in the Netherlands. Kinepolis has 48 branches in the United States and Canada.
