Euro Disney S.C.A. Reports Revenues for the First Quarter of Fiscal Year 2013
PARIS, February 5, 2013 /PRNewswire/ –
- Total revenues up 3% to EUR 327 million - 20th Anniversary celebration extended for an additional six months beginning April 2013
Euro Disney S.C.A. (the “Company”), parent company of Euro Disney Associes S.C.A.,
operator of Disneyland(R) Paris, reported today revenues for its consolidated group (the
“Group”) for the first quarter of the fiscal year 2013 which ended December 31, 2012 (the
Quarter ended December 31, Variance (EUR in millions, unaudited) 2012 2011 Amount % Theme parks 179.0 180.2 (1.2) (0.7)% Hotels and Disney Village(R) 129.8 128.2 1.6 1.2% Other 11.9 10.2 1.7 16.7% Resort operating segment 320.7 318.6 2.1 0.7% Real estate development operating segment 6.3 0.3 6.0 >100% Total revenues 327.0 318.9 8.1 2.5%
Resort operating segment revenues increased 1% to EUR 320.7 million from EUR 318.6
million in the prior-year period.
Theme parks revenues decreased 1% to EUR 179.0 million from EUR 180.2 million in the
prior-year period, due to a 2% decrease in attendance partly offset by a 1% increase in
average spending per guest. The decrease in attendance was mainly due to fewer guests
visiting from France and Spain, partly offset by a higher number of guests visiting from
the Netherlands and the United Kingdom. The increase in average spending per guest was due
to higher spending on admissions and merchandise.
Hotels and Disney Village(R) revenues increased 1% to EUR 129.8 million from EUR 128.2
million in the prior-year period reflecting higher Disney Village activity, partly offset
by a 2% decrease in average spending per room. The decrease in average spending per room
resulted from lower spending on food and beverage and lower daily room rates. Hotel
occupancy rate remained stable with more guests visiting from the United Kingdom offset by
fewer guests visiting from Spain.
Other revenues increased by EUR 1.7 million to EUR 11.9 million, from EUR 10.2 million
in the prior-year period, mainly due to higher travel services and other services sold to
guests as well as higher sponsorship revenues.
Real estate development operating segment revenues increased by EUR 6.0 million to EUR
6.3 million, from EUR 0.3 million in the prior-year period. This increase was due to one
transaction closed during the First Quarter while no transaction closed in the prior-year
Costs and expenses increased during the First Quarter compared to the prior-year
period, due to costs associated with real estate development activity, new guest offerings
and labor rate inflation.
Commenting on the results, Philippe Gas, Chief Executive Officer of Euro Disney
“As we continue to celebrate our 20th anniversary, resort revenues improved
year-on-year even with a shift of one week’s worth of vacation into our second quarter as
compared to last year. The resort revenue increase, coupled with higher real estate
revenues, drove total revenues up 3% to last year.
We continue to feel the impacts of the broad European economic downturn and our
short-term visibility remains low. However the fundamentals of our business are strong and
we are confident in our ability to drive our business towards sustainable growth. As our
investments in our guest experience continue in 2013 and beyond with our hotel
refurbishment program and our expansion plan for the Walt Disney Studios(R) Park, we will
further enhance the appeal of Disneyland Paris. ”
RECENT AND UPCOMING EVENTS
The celebration of Disneyland(R) Paris’ 20th Anniversary launched in April 2012. This
event features a number of brand new guest experiences, including Disney Dreams(R)!, a
nighttime spectacular, as well as Disney Magic on Parade! and Meet Mickey Mouse. Given its
success, the celebration will continue for an additional six months beginning April 2013,
offering guests more time to experience this magical period at Disneyland Paris.
On January 8, 2013, the Supervisory Board of the Company appointed Mrs. Virginie
Calmels as Chairman, replacing Mr. Antoine Jeancourt-Galignani, who has decided to retire
from the Supervisory Board after serving 23 years as a board member including 17 years as
Chairman. For more information, refer to the press release issued on January 8, 2013 which
is available on the Company’s website.
Next Scheduled Release in February 2013: Annual general meeting – February
Additional financial information can be found on the internet at
Code ISIN : FR0010540740
Code Reuters : EDLP.PA
Code Bloomberg : EDL:FP
The Group operates Disneyland Paris, which includes: Disneyland(R) Park, Walt Disney
Studios(R) Park, seven themed hotels with approximately 5,800 rooms (excluding
approximately 2,400 additional third-party rooms located on the site), two convention
centers, Disney Village(R), a dining, shopping and entertainment center, and a 27-hole
golf course. The Group’s operating activities also include the development of the
2,230-hectare site, half of which is yet to be developed. Euro Disney S.C.A.’s shares are
listed and traded on NYSE Euronext Paris.
Press Contact Laurent Manologlou Tel : +331-64-74-59-50 Fax : +331-64-74-59-69 e-mail : email@example.com Investor Relations Olivier Lambert Tel : +331-64-74-58-55 Fax : +331-64-74-56-36 e-mail : firstname.lastname@example.org Corporate Communication Francois Banon Tel : +331-64-74-59-50 Fax : +331-64-74-59-69 e-mail : email@example.com
SOURCE Euro Disney S.C.A.