Financial News

[Olivier]

Euro Disney S.C.A. - First Quarter Announcement for Fiscal Year 2007

Read full story here :
http://www.eurodisney.com/data/300.pdf

Commenting on the results, Karl L. Holz, Chairman and Chief Executive Officer of Euro Disney S.A.S., said:
"We are pleased that our business continues to improve with both strong park attendance and hotel occupancy as well as increased guest spending. This improvement is consistent with the trend of our last three quarters.
This quarter’s performance is encouraging for fiscal year 2007, and we look forward to commemorating the 15th-year since we first opened the gates of Disneyland Resort Paris. We will celebrate this anniversary by unveiling exciting new entertainment and attractions, which include the spectacular Disney’s Once Upon a Dream parade in the Disneyland® Park and the opening of two new attractions, Cars Race Rally and Crush’s Coaster in the Walt Disney Studios® Park.
We are also pleased to report that we have reached agreement with our labor unions on two important matters: the 2007 salary plan and the amendment of our 35-hour workweek agreement. We have built a solid foundation for our cast members as the agreements strike a balance between our cast members’ expectations and the Group's need for increased flexibility to accommodate our guests' visiting the Resort at different periods of the year."

[soundtracker]

Thanks for the update, Olivier. Nice to see things are continuing to improve.

[Zarniwoop]

Wow! With 6% growth rate EDL s.c.a. could make a profit this year.. and when there's 15th Celebration and new parade & attractions coming.. they really have ability to reach it!

[tloolgb]

35 hour work week!?!?!? Boy that sure doesn't help the stereotype of the French & thier working morals.

[WDW1974]

Yeah. They should be more like their American brethren who work 60-80 hours for the price of 40 and are lucky if they get two weeks off a year.

Damn lazy French!