Euro Disney Q3 revenues rise 13 pct - Reuters, 7/26/06

[Darkbeer]

http://today.reuters.com/investing/f...NEY-URGENT.XML

French theme-park operator Euro Disney reported a 13 percent rise in third-quarter revenues on Wednesday and said it was making encouraging progress with new rides aimed at getting more visitors.

The company behind Disneyland Paris, which hauled itself from the brink of bankruptcy in 2005, said revenue for the quarter ending June 30 rose to 286.6 million euros ($362 million) from 254 million a year earlier.

Earlier this year, Euro Disney unveiled a new ride called the Buzz Lightyear Laser Blast, and the company said it was making good progress with such attractions.

"I am pleased with year-to-date revenues and especially with third quarter's, as well as with the success of the opening of Buzz Lightyear Laser Blast, the first step of our multi-year investment program," Chairman and Chief Executive Karl L. Holz said in a statement.



"These results reflect the group's strategy of increasing growth through innovative marketing and sales efforts as well as a multi-year investment program. This performance is encouraging as we enter into the important summer months," he added.

[Cousin Orville]

Finally some good fiscal news out of Marne La Valee.

[knirknarknor]

Well, the good news has to be seen in the light that the very popular Easter season was part of the second quarter in fiscal year 2005/2006 and part of the third quarter in fiscal year 2006/2007 as stated in the financial statement which can be seen on www.eurodisney.com.

So it is not all due to the opening of the Buzz attraction that revenues are up by 13 percent!

But all in all it is indeed encouraging news! Let's hope they can maintain the high attendance figures for the coming quarter and fiscal year 2007/2008.