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CORPORATEPublished on November 10, 2013 Difficult season for Compagnie des Alpes' amusement parks
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Compagnie des Alpes first quarter results affected

by the school calendar

Update : 20:38 Published by François Mayné the 2 February 2013, Corporate.
Compagnie des Alpes (CDA), which owns and operates ten leisure parks and attractions in Europe including Walibi amusement parks, Parc Asterix, Futuroscope and the Grevin wax museum, announced its consolidated sales for the first quarter of fiscal year 2012/2013 ended December 31, 2012. Amounting to €105.5 million, it is down 3.5% compared to the same period in the previous fiscal year.
Compagnie des Alpes first quarter results affected by the school calendar

The CDA Group - whose main business is the management of ski areas - explains the below-average financial performance by the shifting of the Christmas holidays in France, a calendar effect (a weekend operating less than in 2011) which mainly affected the activity of leisure parks (in particular Futuroscope) whose turnover was down 12.2% to €41.4 million.

In addition, one of the parks (Dolfinarium in the Netherlands) remained closed throughout the quarter as part of refurbishments. This revenues in decline should nevertheless not impact unduly the annual results, this period of activity (October-December) being structurally weak for the group: it accounts for about 15% of the annual activity.

Consolidated sales from October 1, 2012 to December 31, 2012

Despite these negative results, the French operator indicates that the first quarter was positively affected by the successful events of Halloween in several parks, including at Parc Astérix (France) and Walibi Holland (The Netherlands) where attendance was up 6% while sales were respectively up 10% and 9%.

If the activity of the leisure parks for the second quarter will be insignificant (most of the sites remain closed), CDA Group has high hope for the 2013 season, in particular due to the investments engaged at Bellewaerde Park (an new indoor family coaster), Walibi Belgium (the reopening of an existing launch coaster after a complete makeover) and Walibi Holland which will open a new concept of accomodation (the Walibi Village).

Not to forget the opening in April of the first Grévin wax museum abroad (in Montréal, Canada), an important step in the international expansion wished by the group that recently unveiled the strategic ambitions for the future (see our previous article).
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Futuroscope
(21 articles found)

Difficult season for Compagnie des Alpes' amusement parks read more

The Compagnie des Alpes leisure parks recorded disappointing financial results during fiscal year 2012/2013 which ended on September 30. The...

CORPORATE | Futuroscope - Published on November 10, 2013
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Bienvenue à Paris! Enthusiasm was reigning among the aisles of the Porte de Versailles exhibition center in Paris last week, while the Euro ...

FEATURE | Futuroscope - Published on September 29, 2013
Euro Attractions Show 2013 kicks off this week at Paris Expo Porte de Versailles read more

All players of the European attractions industry are now ready to gather together at the tenth edition of the Euro Attractions Show, which is...

EVENT | Futuroscope - Published on September 15, 2013
Compagnie de Alpes' leisure park sales continue to decline in the third quarter read more

Adverse weather conditions at the beginning of the season and the ever difficult economic conditions in Europe have negatively impacted the activities...

CORPORATE | Futuroscope - Published on September 9, 2013
Overview of Euro Attractions Show 2013 conference programme with Jakob Wahl of IAAPA Europe read more

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FEATURE | Futuroscope - Published on August 18, 2013
Leading trade union for French attractions industry SNELAC held its 13th annual meeting with success read more

Friendly. That's the word that sums up the 13th annual meeting of members of SNELAC, the leading trade union for the attractions industry in...

EVENT | Futuroscope - Published on June 18, 2013
Compagnie des Alpes' leisure park activity is down in first half of FY 2012-2013 read more

The French operator Compagnie des Alpes (CDA), which owns a dozen leisure parks and attractions in Europe and North America - including Parc...

CORPORATE | Futuroscope - Published on June 18, 2013
Compagnie des Alpes shows its new strategic ambitions for the leisure park market read more

Compagnie des Alpes (CDA), which operates in Europe a dozen leisure parks and attractions including Parc Asterix, Futuroscope, the Grévin Wax ...

CORPORATE | Futuroscope - Published on January 21, 2013
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