Spettacolo
EURO DISNEY S.C.A. Fiscal Year 2013 Third Quarter Announcement Nine Months Ended June 30, 2013
Revenues for the Third Quarter:
Revenues for the nine months ended June 30, 2013 :
n/m: not meaningful
Commenting on the results, , said:
"Our total revenues for the first nine months period increased, with higher guest spending in both our parks and hotels. However the continued challenging economic context in Europe and adverse weather conditions weighed on Resort volumes in our third quarter. We remain cautious for the coming months given the uncertain European economy.
revenues decreased 2% to € 351.8 million from € 357.7 million in the prior-year quarter.
Theme parks revenues decreased 1% to € 204.7 million from € 207.8 million in the prior-year quarter due to a 7% decrease in attendance, partly offset by higher special event activity. The decrease in attendance was due to fewer guests visiting from France , Spain , Italy and Belgium . The average spending per guest remained stable.
Hotels and Disney Village revenues decreased slightly to € 137.9 million from € 138.6 million in the prior-year quarter due to a 4.5 percentage point decrease in hotel occupancy, partly offset by higher Disney Village revenues and a 2% increase in average spending per room. The decrease in hotel occupancy resulted from 24,000 fewer room nights sold compared to the prior-year quarter due to fewer guests visiting from Spain and Italy , partly offset by more French guests staying overnight. The increase in Disney Village revenues reflected the opening of a new boutique, , in July 2012 . The increase in average spending per room was due to higher average daily room rates and spending on food and beverage, partly offset by lower spending on merchandise.
Other revenues decreased by € 2.1 million to € 9.2 million from € 11.3 million in the prior-year quarter, driven by lower sponsorship revenues.
revenues amounted to € 0.3 million, compared to € 0.4 million in the prior-year quarter.
revenues increased by € 4.2 million to € 913.0 million from € 908.8 million in the prior-year period.
Theme parks revenues increased 1% to € 516.0 million from € 512.6 million in the prior-year period due to a 2% increase in average spending per guest and higher special event activity, partly offset by a 4% decrease in attendance. The increase in average spending per guest resulted from higher spending on admissions and food and beverage. The decreased attendance was due to fewer guests visiting from all our major European markets, except the United Kingdom and Germany which both experienced slight growth.
Hotels and Disney Village revenues increased 1% to € 366.2 million from € 363.2 million in the prior-year period due to higher Disney Village revenues and a 1% increase in average spending per room, partly offset by a 2.7 percentage point decrease in hotel occupancy. The increase in Disney Village revenues reflected the opening of . The increase in average spending per room was due to higher average daily room rates, partly offset by lower spending on food and beverage and merchandise. The decrease in hotel occupancy resulted from 48,000 fewer room nights sold compared to the prior-year period, reflecting fewer guests visiting from Spain and Italy , partly offset by more guests visiting from the United Kingdom .
Other revenues decreased by € 2.2 million to € 30.8 million from € 33.0 million in the prior-year period, driven by lower sponsorship revenues.
revenues increased by € 5.1 million to € 6.8 million from € 1.7 million in the prior-year period. This increase was due to one land sale closing during the nine months ended June 30, 2013 , while no land sale closed in the prior-year period.
Disneyland Paris' 20 Anniversary celebration was extended until September 30, 2013 , allowing Guests more opportunities to enjoy the festivities including recent enhancements to the nighttime spectacular. The show has been enriched with scenes from two animated films, and , and , Mickey ears that change color and are synchronized with the show, making an even more spectacular experience for the whole family.
Next Scheduled Release: Half Year Report on the Liquidity Contract in October 2013
Additional Financial Information can be found on the internet at http://corporate.disneylandparis.com
Code ISIN: FR0010540740
Code Reuters: EDLP.PA
Code Bloomberg: EDL:FP
Press Contact
Laurent Manologlou
Tel: +331-64-74-59-50
Fax: +331-64-74-59-69
Investor Relations
Lambert
Tel 55
Fax 36
e
Corporate Communication
François Banon
Tel: +331-64-74-59-50
Fax: +331-64-74-59-69
e