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.
