Yes. Imagine that you had a fast-forward button that changed the time per frame from 41.7ms to 40ms. This is what a cinema-to-PAL conversion does.
It's a bit weird in the sense that everything is sped up and faster than normal. In the other hand, it's super simple and does not introduce the even weirder judder that a cinema-to-NTSC (telecine) conversion would do.
Personally I think it's easier to get used to everything being slightly faster but unmodified otherwise than to having additional frames being inserted and the resulting judder in all motion.
Sped up by 4% to make them 25fps. The audio is supposed to be pitch-corrected, but some poorly done conversions did not do that.