Kinepolis welcomed 7.4 million visitors in the third quarter, a 74.3% increase compared to the same quarter of 2019 pre-Covid, the company said in a statement on Thursday.
This resulted in a turnover of 90.1% compared to the same quarter in 2019.
While the recovery in attendance in the first half of the year was promising, the company said, it then “suffered from a lower supply of films during a very hot summer.”
Despite this slower-than-expected recovery in visitor numbers, Kinepolis has continued to bank solid earnings – and operating cash flow in the third quarter.
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Net financial debt, excluding lease liabilities, decreased from €450 million to €460.1 million compared to 30 June 2022, the group said.
The top five in the third quarter of 2022 were “Minions: Once Upon a Time Gru”, “Thor: Love and Thunder”, “Top Gun: Maverick”, “Bullet Train” and “Elvis”. (Belga)
