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    KIN   BE0974274061

KINEPOLIS GROUP NV

(KIN)
  Report
Real-time Quote. Real-time Euronext Bruxelles - 11/26 11:35:11 am
46.78 EUR   -8.45%
10/28Business update Q3 2021
AQ
08/19KINEPOLIS : Presentation Analyst Meeting H1 2021
PU
08/19Kinepolis Group Nv Reports Earnings Results for the Half Year Ended June 30, 2021
CI
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Popcorn-on-demand: Belgian cinema chain gets creative amid pandemic

02/25/2021 | 11:49am EST

Feb 25 (Reuters) - Unconventional ideas such as popcorn deliveries could help cinemas get through the coronavirus pandemic, the head of Belgian cinema group Kinepolis said on Thursday.

The pandemic has battered the industry, with many cinemas forced to close, restrict screenings or ban sales of snacks, while major studios move releases straight to home streaming platforms, dealing another blow to the box office.

As Hollywood waits for cinemas - a core part of the movie value chain - to reopen, many studios have delayed hotly-anticipated blockbusters, such as James Bond's "No Time to Die".

For Kinepolis, which operates over 100 cinemas across Europe and North America, that brought its first annual loss in at least 13 years, with sales down 68%.

But as he commented on 2020 results, the group's chief executive Eddy Duquenne said it was working on a number of new iniatives to limit the damage - including drive-ins, private screenings and popcorn delivery via Uber Eats.

He said Kinepolis started testing popcorn deliveries in Belgium, its home market, after a customer in Canada's Yukon territory walked in and asked the manager if she could buy popcorn without a cinema ticket.

"Essentially in Canada, it looks rather promising," he told analysts, noting a $3 million boost at sites where they ran deliveries, possibly inflated by hungry customers held in home lockdowns.

Duquenne said that rather seeing themselves in direct competitions with streaming platforms such as Netflix, cinemas should focus on improving the quality of their selection amid massive offerings: "We need to become the sommelier of the movie."

Duquenne anticipated a resilient business ahead, with a strong line-up on the back of postponed blockbusters, as people emerge from lockdowns eager to enjoy each other's company.

"It's "No Time to Die", neither for Kinepolis nor the industy," he said.

(Reporting by Sarah Morland and Enrico Sciacovelli in Gdansk Editing by Tomasz Janowski)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
KINEPOLIS GROUP NV -8.45% 46.78 Real-time Quote.34.62%
NETFLIX, INC. 1.12% 665.64 Delayed Quote.23.10%
All news about KINEPOLIS GROUP NV
10/28Business update Q3 2021
AQ
08/19KINEPOLIS : Presentation Analyst Meeting H1 2021
PU
08/19Kinepolis Group Nv Reports Earnings Results for the Half Year Ended June 30, 2021
CI
08/19KINEPOLIS : Promising restart for Kinepolis Group after lengthy closures in first half-yea..
AQ
05/19KINEPOLIS : cinemas to reopen in several countries
PU
05/18KINEPOLIS : Minutes Ordinary General Meeting and Extraordinary General Meeting
AQ
05/10Kinepolis Group NV's Equity Buyback announced on January 15, 2018, has expired.
CI
04/29BUSINESS UPDATE Q1 2021 : Kinepolis remains financially solid despite prolonged closures a..
AQ
04/29KINEPOLIS GROUP SA : 1st quarter results
CO
04/08KINEPOLIS GROUP : publishes 2020 annual report
AQ
More news
Financials
Sales 2021 267 M 303 M 303 M
Net income 2021 -28,7 M -32,4 M -32,4 M
Net Debt 2021 488 M 552 M 552 M
P/E ratio 2021 -35,3x
Yield 2021 -
Capitalization 1 258 M 1 423 M 1 423 M
EV / Sales 2021 6,53x
EV / Sales 2022 3,09x
Nbr of Employees 1 215
Free-Float 50,0%
Chart KINEPOLIS GROUP NV
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Kinepolis Group NV Technical Analysis Chart | KIN | BE0974274061 | MarketScreener
Technical analysis trends KINEPOLIS GROUP NV
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 3
Last Close Price 46,78 €
Average target price 64,67 €
Spread / Average Target 38,2%
EPS Revisions
Managers and Directors
Eddy Duquenne Managing Director & Executive Director
Nicolas de Clercq Chief Financial Officer
Joost Bert Chairman
Bjorn van Reet Chief Investment Officer
Marion Debruyne Independent Director