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Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...

World Waterpark Association Success for WWA's 33th Symposium and Trade Show

Hong Kong Disneyland to introdoce Iron Man Experience First major Marvel attraction planned in 2016

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NewsParcs is an online trade publication dedicated to theme park industry professionals worldwide.

Since 1998, we work in direct contact with manufacturers, suppliers, consultants, owners and operators to publish only reliable and relevant information.

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NewsParcs will do a full coverage of the IAAPA Attractions Expo 2013 in Orlando to have a look at the latest trends and developments of the global theme park industry.

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Euro Disney S.C.A. reports First Quarter Revenues for

Fiscal Year 2012 : + 1% to € 318.9 million

Update : 09/02/12 - 23h40 Published by François Mayné the 7 February 2012, Corporate.

Euro Disney S.C.A., parent company of Euro Disney Associés S.C.A., operator of Disneyland Paris, reported today revenues for its consolidated group for the first quarter of the fiscal year 2012 which ended December 31, 2011.

Resort operating segment revenues increased 4% to € 318.6 million from € 305.6 million in the prior-year period.

Theme parks revenues increased 7% to € 180.2 million from € 168.9 million in the prior-year period, primarily due to a 5% increase in attendance and a 1% increase in average spending per guest. The increase in attendance resulted from a higher number of guests visiting from France, partly offset by fewer guests visiting from the Netherlands. The increase in average spending per guest was due to higher spending on merchandise and food and beverage.

Hotels and Disney Village revenues increased 1% to € 128.2 million from € 126.8 million in the prior-year period due to a 2% increase in average spending per room, partly offset by a 1.1 percentage point decrease in hotel occupancy. The increase in average spending per room resulted from higher daily room rates, partly offset by lower spending on food and beverage and merchandise. The decrease in hotel occupancy resulted from 6,000 fewer room nights sold, including fewer guests visiting from the Netherlands and the United Kingdom, partly offset by more French guests staying overnight.

Real estate development operating segment revenues decreased by € 9.4 million to € 0.3 million, compared to € 9.7 million in the prior-year period. This decrease is due to four transactions closed in the prior-year period while no transaction closed in the First Quarter.

During the First Quarter, costs and expenses increased compared to the prior-year period driven by labor rate inflation partially offset by lower costs associated with real estate development activity.

Commenting on the results, Philippe Gas, Chief Executive Officer of Euro Disney S.A.S., said: "The improved attendance and guest spending are encouraging, especially in light of the challenging economic environment. Total revenues were up 1% compared to the prior-year period which included several real estate transactions.

In April we look forward to launching our twentieth anniversary celebrations with brand new experiences for our guests, including the Disney Dreams! night-time show, an innovative light and color spectacular. It will also be an opportunity to celebrate a two-decade journey with our cast members, our guests as well as our key public and private partners who have helped Disneyland Paris become Europe's number one tourist destination."

Recent and upcoming events

- On November 22, 2011, the Company announced the appointment of Mark Stead as Chief Financial Officer of Euro Disney S.A.S., the Company’s Gérant, in replacement of Greg Richart. More details in our "Related articles" section below.

- On January 6, 2012, the Group obtained lenders' agreement to increase the recurring annual investment budget for fiscal year 2012 up to € 100 million and to launch a multi-year expansion of the Walt Disney Studios Park, which includes a new attraction. In connection with lenders' approval, the Group obtained an additional standby revolving credit facility of € 150 million from The Walt Disney Company, which expires on September 30, 2018. More details in our "Related articles" section below.

- In April 2012, Disneyland Paris will launch the celebrations of its 20th Anniversary. A number of brand new experiences await guests, including Disney Dreams!, a night-time show with classic Disney storytelling and the latest technical special effects. There will also be new opportunities to meet Disney characters, including Disney Magic on Parade! and Disney’s 20th Anniversary Celebration Train.

- The Euro Disney S.C.A. shareholders meeting will be organize on Friday February 16, 2012

Disneyland Paris - Walt Disney Parks & Resorts - - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
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