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CDA Consolidated sales for the first three quarters of

FY 2010-2011. Leisure parks perform well

Update : 20:48 Published by François Mayné the 26 July 2011, Corporate.

Compagnie des Alpes Group consolidated sales for the first nine months of the financial year amounted to €498.2 million, a rise of 7.2% on a reported basis and 0.2% like for like.

Consolidaded sales from October 1, 2010 to June 30, 2011

Leisure parks perform well in third quarter

For the first nine months of the financial year, sales amounted to €144.0 million, an increase of 34.6%. Sales include the consolidation of Futuroscope (effective January 1, 2011) and the disposal of a group of seven leisure parks (effective January 31, 2011). On a comparable basis, sales rose 3.6%. Sales rose in the third quarter for all Group leisure parks, with the exception of Musée Grévin, whose performance was in line with that of financial years prior to the record-breaking FY 2009-2010. Group’s sales amounted to €96.7 million, an increase of 40.6% (8.6% like for like). This quarter accounts for 30% of total annual activity.

The successful relaunch of the Walibi brand, the new products offered by all leisure parks and good weather conditions contributed significantly to the strong rise in visitor numbers over the quarter. Visitor numbers rose by 3.2% in the first nine months of the financial year compared to the same period last year.

Outlook

For leisure parks, the final quarter of the financial year usually accounts for 50% of annual business.
On July 24th, receipts were up 2.5%, on a like-for-like basis. Challenging external factors in July contributed to a slowdown in business, compared with the exceptionally good performance in the third
quarter.

The event-planning policy, new rides, and entertainment available are indisputable strengths for meeting the expectations of customers for the rest of the season, subject to economic and weather conditions.

Compagnie des Alpes - Walibi - - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
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Compagnie des Alpes (Group)
France

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Group : Compagnie des Alpes
Site : www.compagniedesalpes.com

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(6 articles found)

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