EURO DISNEY S.C.A.
Reports Fiscal Year 2009 Results
Attendance of 15.4 million with an 87% hotel occupancy rate
Revenues decreased 7% to 1,231 million, driven by a decline in guest spending
Net loss of 63 million, as lower revenues were partially offset by a 2% reduction in costs and expenses
Generated Free Cash Flow, ending the year with 340 million in cash and cash equivalents
Opening of Toy Story Playland at the Walt Disney Studios® Park in 2010
Commenting on the results, Philippe Gas, Chief Executive Officer of Euro Disney S.A.S, said:
"During the fiscal year, we were faced with the most challenging economic environment in our history, which drove
certain fundamental changes in consumer behavior. These changes included booking significantly closer to their visits,
searching for promotional offers and travelling closer to their homes. As a result, we adapted our offers to address our
guests' changing needs. This decision delivered record park attendance of 15.4 million and an 87% hotel occupancy rate,
down from last year but high by industry standards.
We saw our guest mix change, as attendance was driven by French and Belgian markets, offsetting significant weakness
from Spain and the United Kingdom. These changes also impacted guest spending and hotel occupancy, lowering our
revenues. Throughout the year we also balanced our promise of a high-quality Disney entertainment experience for our
guests while managing costs.
The strength of the Disney brand and the attractiveness of our Resort as Europes number one tourist destination position
us well when the recovery of the economies of our key markets and the leisure and tourism industry occur. We continue to
invest in the long-term growth of our Company and we look forward to opening Toy Story Playland, inspired by the
popular Disney-Pixar Toy Story characters and films, at the Walt Disney Studios Park in summer 2010."