Parques Reunidos devotes 0.5% of its revenues to CSR initiatives
Parques Reunidos revenue grows 2.4% during the first 9 months of the fiscal year
- Net income remains at -58.4 million euros (+0.3%).
- Record season passes sales across all regions (+15% growth vs. prior year) and off-season events revenue grows +16%.
Madrid, July 27th, 2018.- Parques Reunidos revenue grew to €249 million in the first nine months of the 2018 fiscal year. This represents a +2.4% like-for-like increase in comparison to the same period of the previous year. The number of visitors during the first nine months rose by 2.9% to 8.6 million, benefiting from a solid demand. During this period, EBITDA dropped to 4.4 million, affected by adverse weather in Spain and US during spring and the increase in development expenses.
The company’s performance has benefited from record season passes sales across all regions (+15% growth vs. prior year) and the multiple commercial initiatives to extend the season (off-season events revenue grew +16%). By region, Spain and the US have registered flat revenues of €71.3 million and €66.3 million respectively (-0.4% and +0.3% like-for-like), while the rest of Europe grew at a rate of 5%, driven by both attendance and percap growth.
Net income stood at -58.4 million euros as of June (+0.3%) reflecting business seasonality. Parques Reunidos’ high season runs from June to September and the year’s first nine months of the fiscal year represent approximately 40% of total revenues.
The company’s expansion projects are being executed on track, with the recent opening of Warner Beach (Spain), Mirabeach (Italy), the extension of the Nickelodeon area at the Parque de Atracciones de Madrid (Spain) and the new Thomas Town area at Kennywood (Pittsburgh, PA).
Parques Reunidos has reached several milestones during the last months. On July 2nd the company agreed to acquire Wet’n’Wild Sydney water park. This is the first step for expansion in the southern hemisphere that will bring along a platform to grow in the region through future acquisitions and Indoor Entertainment Centers. The company has also completed the acquisition of Belantis, a leading theme park located in Leipzig, that offers Parques Reunidos a great opportunity to reinforce its presence in the German market and gain synergies with Movie Park.
Parques Reunidos has also achieved another agreement that differentiates its portfolio. By signing the first partnership between a leisure park and a National Football League (NFL) team, a new expansion themed area called “Steelers Country” will be developed at Kennywood, the group’s largest park in the US portfolio.
About Parques Reunidos
Parques Reunidos is one of the world’s leading leisure park operators. The company portfolio comprises over 60 assets (amusement parks, animal parks, aquatic parks, family entertainment centers and other attractions). Parques Reunidos is present in 14 countries in the Americas, Europe, Middle East, and Oceania, receiving approximately 20 million visitors per year. For more information regarding Parques Reunidos, please visit: www.parquesreunidos.com
Contact:
Eurocofin – Communication consultancy Grupo Parques Reunidos
Gemma Cano
Tel. (+34) 91 308 36 57
gcano@eurocofin.com
Parques Reunidos – Corporate Communications Department
José María Nogueira
Tel.: (+34) 91 526 97 00
parquesreunidos.comu@grpr.com
