Disneyland Paris | Financial Results: Q1 2013

The Disneyland Paris financial results for the first quarter of Fiscal Year 2013 (Sep to December 31st) have been announced:

  • The revenue generated by tourism activities increased by 1% to 320.7 million euros vs 318.6 million euros in the first quarter of the previous year.
  • Theme park turnover decreased by 1% to 179.0 million euros vs 180.2 million euros in the first quarter of last year, reflecting a decrease of 2 % attendance at theme parks partially offset by a 1% increase in average spending per visitor
  • The decrease in attendance in theme parks is primarily due to a decrease in the number of visitors from France and Spain, partially offset by an increase in the number of Dutch and British visitors. 
  • The increase in average spending per guest reflects higher spending on admissions and merchandise.
  • The Hotels and Disney Village turnover increased by 1% to 129.8 million euros against 128.2 million euros in the first quarter of the previous year, reflecting an increase Disney Village activities partially offset by a 2% decrease in average spending per room
  • The decrease in average spending per room reflects lower spending in restaurants and a decrease in the average price of the rooms. 
  • The hotel occupancy rate remained stable with an increase in the number of British visitors offset by a decrease in the number of Spanish visitors.
  • Other income increased by 1.7 million euros to 11.9 million euros, vs 10.2 million euros in the first quarter of the previous year. This increase primarily reflects an increase in revenues to transportation and other services to guests, as well as increased royalties partnerships.
  • Revenues generated by real estate development increased to 6.0 million to 6.3 million, against € 0.3 million for the first quarter of previous year. This increase is due to a real estate transaction to close during the First Quarter while no real estate transaction was completed during the first quarter of the previous year.
  • Operating expenses for the First Quarter increased compared to the first quarter of last year, reflectinghigher expenses related to real estate development activities, the cost of new content available to visitors and higher wages.

 

A statement from Philippe Gas (President of EuroDiseny) said: 

"As we celebrate our 20th anniversary, our turnover from tourism activities continues to progress from one year to the next, despite the shift of a week of Christmas holidays into the second quarter. 

This increase, combined with important real estate development activitiet, led to a 3% increase in sales compared to the group last year.

We are still feeling the effects of the economic slowdown affecting the whole of Europe and our short-term visibilityremains limited. 

However, the fundamentals of our Group are strong and we are confident in our ability to grow sustainably. 

Our investment in the experience for visitors will continue in 2013 and beyond, with our hotels renovation program and our development of Walt Disney Studios ®, which will further enhance the attractiveness of Disneyland ® Paris."