Euro Disney to delist as sales dip
David Gow in Brussels
Friday July 22, 2005
Euro Disney, the troubled French theme park operator, yesterday warned that sales growth this year would be lower than forecast and said it would delist its shares in London and Brussels.
The company, owner of Europe's most popular tourist site, said pre-tax earnings would be flat this year despite hopes that the latest restructuring and new attractions would boost visitor numbers and earnings.
It said third-quarter sales to the end of June fell 1% to €261.3m (£180m) from a year earlier. It blamed this largely on the Easter holidays falling in March.