MARNE-LA- VALLEE, France /PRNewswire-FirstCall/ —
– EURO DISNEY S.C.A. Fiscal Year 2011
Reports First Half Results Six Months Ended March 31, 2011
– Total Revenues increased 8% to EUR 559 million, due to higher Resort volumes and average spending per room
– EBITDA increased EUR 18 million to EUR 25 million
– Net loss narrowed by EUR 15 million to EUR 99 million
– Repayment of EUR 46 million of debt during the First Half
Commenting on the results, Philippe Gas, Chief Executive Officer of Euro Disney S.A.S, said: “As we head into our important second semester, we are encouraged to end the first semester with our fourth consecutive quarter of growth in Resort revenues. We increased our attendance by 5% while essentially maintaining guest spending in the parks, and also improved both hotel occupancy and guest spending per room.
“We are encouraging our guests to book further in advance of their vacation by providing them with early-booker discounts and they are responding favorably. This has given us greater business visibility and allows us to better manage demand.
“We continue to focus on delivering a high quality, unique Disney experience for our guests. We recently launched the Disney Magical Moments Festival, our new annual celebration. I would also like to recognise our Cast Members who are dedicated to bringing the Disney magic to life for our guests.”
Resort operating segment revenues increased by 6% to EUR 547.7 million from EUR 517.3 million in the prior-year period.
Theme parks revenues increased by 5% to EUR 300.4 million from EUR 287.3 million in the prior-year period due to a 5% increase in attendance to 6.9 million. This increase in attendance resulted from more guests visiting from France and Belgium, partially offset by a decline in visits from the Netherlands. Average spending per guest remained stable compared to the prior-year period.