Post by drwadadli on Apr 8, 2019 20:12:38 GMT
I found this article on WDW News today:
According to Formula Money, recent account filings have shown that Disneyland Paris has returned to a profit last year. With a boost in attendance and guest spending, revenue increased almost 13% to a record £1.5bn ($2bn).
This is a significant turn for Disneyland Paris, as they historically have had a difficult time turning a profit since the opening in 1992. The turn in the tide began in 2012 when Disney provided £1.1bn ($1.46bn) to repay loan debts and would go on to take complete ownership five years later in a £1.80/share offer ($2.38/share).
According to the annual results of Euro Disney Associés, the resort’s main operating company, revenue from theme park activities rose 14.5% to £871m ($1.15bn) in FY18, while the additional £387.5m ($513m) came from a subsidiary that operates five of the hotels and 10 acre on-site entertainment district.
As the largest employer in the Paris region, staff numbers increased 4.3% to 16,368 last year. The rise in revenue helped to offset the 7.2% increase in costs largely due to the staff pay increasing £65m ($86m) to a record £627m ($830m). This left the company with an £18m ($23.8m) operating profit, up from a £43m ($57m) loss in 2017.
In 2018, the company invested £170m ($225m) as it renovated the resort’s attractions and hotels for it’s 25th anniversary. Last year, Bob Iger announced the company will invest another £1.8bn ($2.4bn), which will bring additional lands inspired by Star Wars, Marvel and Frozen. The expansion is set to bring more than 1,000 jobs to the resort.
According to Formula Money, recent account filings have shown that Disneyland Paris has returned to a profit last year. With a boost in attendance and guest spending, revenue increased almost 13% to a record £1.5bn ($2bn).
This is a significant turn for Disneyland Paris, as they historically have had a difficult time turning a profit since the opening in 1992. The turn in the tide began in 2012 when Disney provided £1.1bn ($1.46bn) to repay loan debts and would go on to take complete ownership five years later in a £1.80/share offer ($2.38/share).
According to the annual results of Euro Disney Associés, the resort’s main operating company, revenue from theme park activities rose 14.5% to £871m ($1.15bn) in FY18, while the additional £387.5m ($513m) came from a subsidiary that operates five of the hotels and 10 acre on-site entertainment district.
As the largest employer in the Paris region, staff numbers increased 4.3% to 16,368 last year. The rise in revenue helped to offset the 7.2% increase in costs largely due to the staff pay increasing £65m ($86m) to a record £627m ($830m). This left the company with an £18m ($23.8m) operating profit, up from a £43m ($57m) loss in 2017.
In 2018, the company invested £170m ($225m) as it renovated the resort’s attractions and hotels for it’s 25th anniversary. Last year, Bob Iger announced the company will invest another £1.8bn ($2.4bn), which will bring additional lands inspired by Star Wars, Marvel and Frozen. The expansion is set to bring more than 1,000 jobs to the resort.
