Euro Disney reports more visitors, smaller losses

27th April 2007, Comments 0 comments

PARIS, April 27, 2007 (AFP) - The operator of the Disneyland Paris theme park, Euro Disney, said Friday it had narrowed its net loss in the first half of the year and reported a gain in visitor numbers.

PARIS, April 27, 2007 (AFP) - The operator of the Disneyland Paris theme park, Euro Disney, said Friday it had narrowed its net loss in the first half of the year and reported a gain in visitor numbers.

The net loss in the first half came to 69.2 million euros (94.6 million dollars) from 83.6 million euros in the same period of 2006.

Sales grew 9.7 percent over the period, which runs October-March, to 512.6 million euros "reflecting increases in theme parks attendance and hotel occupancy."

The number of visitors increased by 600,000 from the same period last year, partly because of response to a marketing effort promoting the 15th anniversary of the loss-making attraction.

"We are encouraged by the improved results of the first half of the fiscal year and we are pleased with the positive response of our guests to the 15th anniversary celebration," said Euro Disney chief executive Karl Holz.

Visitors totalled 6.1 million in the first half.

Disneyland Paris has become one of the top tourist draws in Europe since it opened in 1992 but it is also a financial hole.

It has lost hundreds of millions of euros and small investors who paid 11 euros a share when Euro Disney went on the stock market in 1989 now have stock worth about 0.09 euros each.

The park lost more than 70 million euros in 2006, its fifth consecutive year of losses.


Copyright AFP

Subject: French news

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