Euro Disney edges closer to profitability

Posted | Contributed by Jeff

Euro Disney S.C.A., parent company of Euro Disney Associés S.C.A., operator of Disneyland Resort Paris, reported today revenues for its consolidated group for the first quarter of fiscal year 2008 which ended December 31, 2007. 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.

Read the press release (PDF) from Euro Disney.

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