Cyrano
DIS Legend
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- Oct 23, 2004
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EURO DISNEY S.C.A.
Fiscal Year 2008
First Quarter Announcement
First quarter revenues increased 20% to 341 million
Resort revenues increased 14% to 316 million, driven by theme parks attendance, guest spending and hotel occupancy
Real estate development revenues increased 18 million
(Marne-la-Vallée, January 24, 2008) Euro Disney S.C.A. (the "Company"), parent company of Euro Disney Associés S.C.A., operator of Disneyland® Resort Paris, reported today revenues for its consolidated group (the "Group") for the first quarter of fiscal year 2008 which ended December 31, 2007 (the "First Quarter").
Revenues for the First Quarter increased 20% to 340.5 million, reflecting increases in theme parks, hotels and real estate revenues.
Theme parks revenues increased 14% to 175.1 million, driven by growth in attendance and average spending per guest.
Hotels and Disney® Village revenues increased 17% to 126.7 million, reflecting increases in average spending per room and hotel occupancy.
Real estate revenues increased 18.4 million to 24.4 million, primarily resulting from 12.5 million of revenue related to the sale of a property in Val d'Europe which had been subject to a long-term ground lease.
Commenting on the results, Karl L. Holz, Chairman and Chief Executive Officer of Euro Disney S.A.S., said:
"We are pleased with our first quarter results, with the growth in revenues reflecting increases in all our key business drivers. These revenue results show that our strategies, coupled with our team's solid execution, are delivering and we remain focused on driving the business towards profitability.
Our 15th anniversary celebration, marked by the opening of the Crush's Coaster and Cars Race Rally attractions as well as the new Disney's Once Upon a Dream Parade, has created another level of emotional connections with our guests. In fiscal year 2008, the Celebration Continues, Big Time with the April grand opening of The Twilight Zone Tower of TerrorTM* in the Walt Disney Studios® Park. This iconic Disney attraction will add to the high-quality experiences we offer visitors to our Resort the place where dreams come true."
The full press release can be found here
Fiscal Year 2008
First Quarter Announcement
First quarter revenues increased 20% to 341 million
Resort revenues increased 14% to 316 million, driven by theme parks attendance, guest spending and hotel occupancy
Real estate development revenues increased 18 million
(Marne-la-Vallée, January 24, 2008) Euro Disney S.C.A. (the "Company"), parent company of Euro Disney Associés S.C.A., operator of Disneyland® Resort Paris, reported today revenues for its consolidated group (the "Group") for the first quarter of fiscal year 2008 which ended December 31, 2007 (the "First Quarter").
Revenues for the First Quarter increased 20% to 340.5 million, reflecting increases in theme parks, hotels and real estate revenues.
Theme parks revenues increased 14% to 175.1 million, driven by growth in attendance and average spending per guest.
Hotels and Disney® Village revenues increased 17% to 126.7 million, reflecting increases in average spending per room and hotel occupancy.
Real estate revenues increased 18.4 million to 24.4 million, primarily resulting from 12.5 million of revenue related to the sale of a property in Val d'Europe which had been subject to a long-term ground lease.
Commenting on the results, Karl L. Holz, Chairman and Chief Executive Officer of Euro Disney S.A.S., said:
"We are pleased with our first quarter results, with the growth in revenues reflecting increases in all our key business drivers. These revenue results show that our strategies, coupled with our team's solid execution, are delivering and we remain focused on driving the business towards profitability.
Our 15th anniversary celebration, marked by the opening of the Crush's Coaster and Cars Race Rally attractions as well as the new Disney's Once Upon a Dream Parade, has created another level of emotional connections with our guests. In fiscal year 2008, the Celebration Continues, Big Time with the April grand opening of The Twilight Zone Tower of TerrorTM* in the Walt Disney Studios® Park. This iconic Disney attraction will add to the high-quality experiences we offer visitors to our Resort the place where dreams come true."
The full press release can be found here
