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  1. #1

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    EURO DISNEY S.C.A. Reports Fiscal Year 2009 Results

    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 Europe’s 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."

    http://corporate.disneylandparis.com...-year-2009.pdf

  2. #2

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    Re: EURO DISNEY S.C.A. Reports Fiscal Year 2009 Results

    One wonders, record attendance and a pretty hig hotel occupancy (at least in my opinion), but still a loss...., will it ever be possible for DLP to make a big profit?

    I know they still have a lot of debt and invested a lot these last years, but money making still seems to be the problem.

    The spending of guests while at the parks, really is a bigger factor than I always thought.

    Does anyone know if there is a comparison available between the different parks in the world? Is , for instance, the per guest spending, much higer in the other parks?

    One other thing; this isn't good publicity for DLP. Every newspaper and news site brought this news last week/weekend.

  3. #3

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    Re: EURO DISNEY S.C.A. Reports Fiscal Year 2009 Results

    Lucky for DLP that interest rates are really low.. loss could've been double.
    ----
    Cheers,
    Zarniwoop

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