Euro Disney swings to FY loss
Euro Disney SCA, the operator of Disneyland Resort Paris, has posted a loss in fiscal 2009.
The group, nearly 40 per cent of which is owned by The Walt Disney Company, said revenues in the year to September 30 totalled E1.2bn, down from the E1.3bn reported in 2008.
Despite experiencing a growth in visitor numbers to its Marne-la-Vallee theme park, revenues in Euro Disney’s core resorts segment dropped six per cent, and the company finally booked a net loss of E63m, compared to a profit of E1.7m last year.
"During the fiscal year, we were faced with the most challenging economic environment in our history, which drove certain fundamental changes in consumer behaviour," commented chief executive Philippe Gas.