Euro Disney S.C.A. Reports Revenues for the First Quarter of Fiscal Year 2014

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revenues decreased 5% to €304.9 million from €320.7 million in the prior-year period.

Theme parks revenues decreased 3% to €172.9 million from €179.0 million in the prior-year period due to a 7% decrease in attendance, partly offset by a 4% increase in average spending per guest. The decrease in attendance was mainly due to fewer guests visiting from France , Spain and the Netherlands . The increase in average spending per guest was due to higher spending on admissions and merchandise.

Hotels and Disney Village revenues decreased 6% to €122.4 million from €129.8 million in the prior-year period due to a 9.6 percentage point decrease in hotel occupancy and lower Disney Village activity, partly offset by a 6% increase in average spending per room. The decrease in hotel occupancy resulted from 51,000 fewer room nights sold compared to the prior-year period, primarily due to fewer guests visiting from France , Spain and the Netherlands , as well as lower business group activity. The increase in average spending per room resulted from higher daily room rates, partly offset by lower spending on food and beverage.

Other revenues decreased by €2.3 million to €9.6 million from €11.9 million in the prior-year period, mainly due to lower sponsorship revenues.

revenues decreased by €4.9 million to €1.4 million, from €6.3 million in the prior-year period. This decrease was due to one land sale closed in the prior-year period while no land sale closed in the First Quarter. Given the nature of the Group's real estate development activity, the number and size of transactions vary from one year to the next.

Commenting on the results, , said:

  Ratatouille

Last year, the Group announced a new attraction based on the DisneyPixar movie This unique attraction, which is scheduled to open in the Walt Disney Studios Park in early summer 2014, will take guests into the world of Remy - a talented young rat who dreams of becoming a renowned French chef. Disney storytelling, combined with state-of-the-art technology, will create the magic of this romantic, larger-than-life, Parisian experience. For more information, please refer to the press release issued on February 28, 2013 which is available on the Group's website.  

Next Scheduled Release in February 2014 : Annual general meeting - February 12, 2014  

Additional financial information can be found on the internet at http://corporate.disneylandparis.com