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The Disneyland Report > Disney News > Eurodisney upbeat as its visitors splash out Disney NewsEurodisney upbeat as its visitors splash outScotsman.com Business THEME park operator Eurodisney said its new year got off to a decent start as visitors to its parks in France spent more money. Eurodisney, the operator of Disneyland Paris, Europe’s most popular tourist attraction, said in a statement sales to the end of December totalled £188.4 million on a proforma basis with a year ago. In theme parks alone - the group also operates hotels and manages real estate on its east-of-Paris site - sales rose four per cent to £95.9m, thanks to increased average spending per visitor, the group said. Finance director Jeff Speed stressed the figures - a record for the firm - were achieved against a difficult comparison base, with Christmas and New Year falling on weekends, and school holidays being shifted to January from December in some of its key markets. "Generating growth in the theme park was unfavourably impacted by the vacation shift and by Christmas and New Year falling on a Saturday," Mr Speed said. However, the holiday shift, plus Easter falling in March rather than April 2005, should help its second quarter, he said. Hauled back from the brink of bankruptcy last month with a knife-edge deal to restructure its £1.4 billion debt, the loss-making firm told shareholders it aimed to lift sales and visitor numbers in 2005 and foresaw a stable operating margin. But it has given no precise targets. Increasing the number of feet through the gates of the Magic Kingdom and the Walt Disney Studios opened beside it nearly three years ago, is crucial to restoring the loss-making firm to profit. As part of its debt restructuring agreement, Euro Disney is planning a capital increase of about £175m. Return to Disney News. |
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