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