Announcement • May 15
Kinepolis Group NV Approves Dividend, Payable on May 20, 2026 The Ordinary General Meeting of Kinepolis Group NV has decided to pay out a dividend of €0.65 gross per share to the shareholders. After deduction of the Belgian withholding tax, the net dividend amounts to €0.455 per share. The dividend will be paid out as from 20 May 2026. The ex coupon date is fixed at 18 May 2026 and the record date at 19 May 2026. Announcement • Feb 20
Kinepolis Group NV Proposes Dividend Kinepolis Group NV's proposed gross dividend of €0.65 per share to the General Meeting. Reported Earnings • Aug 26
First half 2024 earnings released First half 2024 results: Revenue: €242.8m (down 15% from 1H 2023). Net income: €117.0k (down 99% from 1H 2023). Profit margin: 0% (down from 7.3% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Entertainment industry in Germany. Announcement • Aug 22
Kinepolis Appoints Pieter-Jan Sonck as New CFO Kinepolis appointed Mr. Pieter-Jan Sonck as new CFO. Upcoming Dividend • May 06
Upcoming dividend of €0.39 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: €2.08 (vs €1.02 in FY 2022) Full year 2023 results: EPS: €2.08 (up from €1.02 in FY 2022). Revenue: €605.5m (up 21% from FY 2022). Net income: €56.1m (up 103% from FY 2022). Profit margin: 9.3% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Europe. Declared Dividend • Feb 25
Dividend of €0.39 announced Shareholders will receive a dividend of €0.39. Ex-date: 13th May 2024 Payment date: 15th May 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 6%. Announcement • Jan 24
Kinepolis Group NV to Report Fiscal Year 2023 Results on Feb 22, 2024 Kinepolis Group NV announced that they will report fiscal year 2023 results on Feb 22, 2024 Reported Earnings • Aug 18
First half 2023 earnings released: EPS: €0.77 (vs €0.34 in 1H 2022) First half 2023 results: EPS: €0.77 (up from €0.34 in 1H 2022). Revenue: €285.3m (up 25% from 1H 2022). Net income: €20.8m (up 129% from 1H 2022). Profit margin: 7.3% (up from 4.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany. Announcement • Jun 21
Kinepolis Group NV (ENXTBR:KIN) commences an Equity Buyback Plan for 550,000 shares, representing 2.04% of its issued share capital, under the authorization approved on May 10, 2023. Kinepolis Group NV (ENXTBR:KIN) commences share repurchases on June 13, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 10, 2023. As per the mandate, the company is authorized to repurchase its 550,000 shares, representing 2.04% of its issued share capital. The shares will be repurchased at a price per share that is not may be lower than the par value per share and by more than 115% of the closing price at which the shares are quoted on Euronext Brussels on the day preceding that of the purchase or exchange. The repurchased shares will be used to cover share options. This authorization is valid for a period of five years. As of May 11, 2023, the company had 27,365,197 shares in total of which 382,396 were treasury shares
On June 12, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 200,000 own shares, for a total of €10 million through an independent broker. The repurchases will commence on June 13, 2023, and the program will expire on August 16, 2023. Buying Opportunity • May 31
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €53.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Upcoming Dividend • May 05
Upcoming dividend of €0.18 per share at 0.6% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 16 May 2023. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.1%). Reported Earnings • Apr 14
Full year 2022 earnings released Full year 2022 results: Revenue: €499.9m (up 88% from FY 2021). Net income: €27.5m (up €52.9m from FY 2021). Profit margin: 5.5% (up from net loss in FY 2021). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Entertainment industry in Germany. Buying Opportunity • Feb 18
Now 21% undervalued Over the last 90 days, the stock is up 7.6%. The fair value is estimated to be €50.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.8% per annum. Earnings is also forecast to grow by 33% per annum over the same time period. Announcement • Feb 16
Kinepolis Group NV to Propsos Dividend The Board of Directors of Kinepolis Group NV will propose a gross dividend of €0.26 per share to the General Meeting. This corresponds to a pay-out ratio of 25% pending further recovery of the Group's solvency and debt reduction. Announcement • Dec 20
Kinepolis Group NV to Report First Half, 2023 Results on Aug 17, 2023 Kinepolis Group NV announced that they will report first half, 2023 results on Aug 17, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Vice Chairman Philip Ghekiere was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Kinepolis Group NV to Report Q1, 2023 Results on Apr 27, 2023 Kinepolis Group NV announced that they will report Q1, 2023 results on Apr 27, 2023 Reported Earnings • Aug 20
First half 2022 earnings released: EPS: €0 (vs €1.70 loss in 1H 2021) First half 2022 results: EPS: €0 (up from €1.70 loss in 1H 2021). Revenue: €228.0m (up €191.2m from 1H 2021). Net income: €9.10m (up €54.7m from 1H 2021). Profit margin: 4.0% (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 36%, compared to a 131% growth forecast for the Entertainment industry in Germany. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Vice Chairman Philip Ghekiere was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Kinepolis Group NV to Report Fiscal Year 2022 Results on Feb 16, 2023 Kinepolis Group NV announced that they will report fiscal year 2022 results on Feb 16, 2023 Reported Earnings • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: €0.94 loss per share (up from €2.56 loss in FY 2020). Revenue: €266.4m (up 51% from FY 2020). Net loss: €25.4m (loss narrowed 63% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 118%, compared to a 341% growth forecast for the industry in Germany. Reported Earnings • Aug 24
First half 2021 earnings released: €1.70 loss per share (vs €1.10 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: €36.8m (down 67% from 1H 2020). Net loss: €45.6m (loss widened 54% from 1H 2020).