First Half 2007 financial news

[Olivier]

Euro Disney S.C.A. Reports First Half 2007 Results :

http://www.eurodisney.com/data/311.pdf

[davewasbaloo]

Today the half year results have been announced by DLP:

http://www.eurodisney.com/data
/311.pdf

The direction of travel is encouraging:

- Revenues increased 10% to € 513 million

- Operating margin before depreciation and amortization up € 26 million to € 39 million

- Net loss decreased € 20 million to € 82 million

Theme park admissions, hotel occupancy and average guest expenditure are all up! Now they are only making 82m Euro loss as opposed to last year's 102m euro loss. This is excellent news. If DLP can continue the momentum (Cars and Crush Coaster open June 07, Tower of Terror Jan 2008, and Stitch Encounter in Summer 2008. Couple this with the introduction of Extra Magic Hours,the new 15th celebrations, and finally some decent park specific merchandise, the future looks quite bright!!! What a great birthday present.

Maybe one day DLP will actually make a profit and not be a loss leader.

[Zarniwoop]

Investments (preparing for 15th) and marketing mainly drew the negative result.

Altough EDL blew up with April hotel bookings (marketing started too late) I've heard guest numbers are high. If whole year increase is 10%, they'll break even.