Madrid. July 29, 2016.- Parques Reunidos has closed the third quarter of its financial year 2015-2016 with aggregate revenue to June of 248.1 million Euro, representing a slight increase of 0.2% in comparison with the same period of the previous year (-0.3% on a like-for-like basis). The group has generated during the first 9 months of the financial year an aggregate EBITDA (earnings before interest, taxes, depreciation and amortisations) of 10.0 million Euro, representing a like-for-like drop of 3.5 million Euro in comparison with the same period of the previous year.
The company has achieved good results during the first and second quarters of the year growing revenue on a like-for-like basis by 3.8% and 17% respectively, which has been offset by a decrease in revenue of 7.7% experienced during the third quarter of the year, affected by adverse weather conditions during the third quarter.
The aggregate results to June correspond with the low season of Parques Reunidos and most of the revenue is generated during the fourth quarter due to the holiday period.
One firm, undergoing a global expansion
The group is successfully pursuing its growth strategy with various projects. This Wednesday, July 27, it has been announced the agreement of a 10 year management contract with Sun Group to manage a theme park and a water park located in Halong Bay, Vietnam.
In addition, throughout the year a number of agreements have been reached to develop five new leisure spaces within shopping centres, two in Madrid, one in London, one in Lisbon and one in Murcia. Once the centres have been built, the group targets for new openings for 2017 and 2018 period would be achieved.
With these agreements the Company is present now in 14 countries, including the 2 new markets of Vietnam and Portugal.
About Parques Reunidos
Parques Reunidos is one of the world’s leading operators of leisure parks. The Group portfolio comprises 57 developments (amusement parks, animal parks, aquatic parks, family entertainment centres and other attractions). The Group has continued to expand in recent years and is currently present in 14 countries on the American, European and Asian continents, welcoming a total of 20 million visitors annually. For more information regarding Parques Reunidos, please visit www.parquesreunidos.com
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