In the third quarter of 2022, Kinepolis welcomed 74.3 percent of the visitors that were received in the same period in 2019. The recovery of cinema attendance was promising in the first half of the year, but then suffered from a weaker offering of films during a very hot summer. In 2022, up to and including the month of September, Kinepolis welcomed 76.1 percent of the visitors welcomed in the same period in 2019.
Sales per visitor remained high in the third quarter, resulting in a proportionally higher turnover compared to the realized visitor numbers.
Despite a slower than expected recovery in visitor numbers, Kinepolis continued to generate a positive earnings and operational cash flow in the third quarter, with the Group remaining financially solid, partly helped by its entrepreneurship plan. The film offering for the fourth quarter looks promising.
In November Kinepolis will take over the operation of two Spanish cinemas – Marbella and Barcelona. The cinema also introduced its Movie Club loyalty program in Belgium and the Netherlands. Kinepolis also rolled out laser projection mainly in Spain, the Netherlands and Belgium and completed the Kinepolis Metz Amphithéâtre, which is scheduled to open on November 9.
Eddy Duquenne, CEO Kinepolis Group: “As anticipated, we had a weaker quarter as a result of the lack of new film releases. As an illustration, in September Top Gun: Maverick – nearly four months after its release – was the most popular film in our cinemas. However, consumption per customer does remain high, and customer satisfaction is also good. We are looking forward to a successful fourth quarter, with a promising offering of films, also in terms of local content.”
The top five films in the third quarter of 2022 were Minions: The Rise of Gru, Thor: Love and Thunder, Top Gun: Maverick, Bullet Train, and Elvis. The most successful local films were Menteur, Ducobu Président! and Irréductible in France, Padre no hay más que uno 3 and Tad the Lost Explorer and the Emerald Tablet in Spain, Bon Bini Holland 3, Soof 3 and De Allergrootste Slijmfilm in the Netherlands and Ritueel and Onze Natuur in Belgium.
Kinepolis Group www.kinepolis.com