Kinepolis Group NV is a Belgium-based company primarily engaged in the development and operation of cinemas. The Company restructured its organization in 2008 to improve customer orientation, raise operational efficiency and optimize property utilization and management. Group activities are streamlined into five units. Real Estate is responsible for property management and utilization. Cinema Operations takes care of activities in the multiplexes. Kinepolis Film Distribution (KFD) looks after movie distribution. Digital Cinema Services (DCS) delivers technological support. The Shared Services Center is occupied with admin services and support. In December 31, 2008, the Company owned 23 cinema complexes and was present in Belgium, France, Spain, Poland and Switzerland. Kinepoleast bv, one of the Group’s subsidiaries, was liquidated during 2008.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Kinepolis Group NV's total revenue decreased less than 1% to EUR100.7M. Net income increased 33% to EUR6.3M. Total revenue reflects a decreased performance in theater sales business segment due to lower visitor numbers. Net income benefited from lower sales and marketing costs as well as increased finance income and decreased finance costs.