Kinepolis - Actors & Hollywood talking again; Q3 preview
• Hollywood and the actors recommence talks as from today. Resolving this could take away the last hurdle that weighs currently on the sector• Q3 is expected to have been strong with visitors up 35% to 10.0m• FCF is expected to improve in 2023 and beyond. BUY and EUR 55.3 TP reiterated, DCF-basedKinepolis Group NV is a Belgium-based company, which is primarily engaged in the operation of cinemas. The Company's activities are divided into such business units, as Box office, In-theatre sales, Business-to-business (B2B), Film distribution and Real Estate. The Box office unit includes sale of the tickets. The In-theatre sales unit is involved in the sale of snacks and related articles. The B2B unit takes care of the organization of corporate events and the sale of screen advertizing to corporate customers. The Film distribution unit includes all activities related to movies showed in the cinema. The Real Estate is responsible for the property management and utilization. Additionally, the Company has a Technical department, which delivers technological support to Kinepolis facilities. The Company is present in Belgium, France, Spain and Poland.
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