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27 de November de 2018

Parques Reunidos EBITDA reaches €174 million in 2018

  • Revenues amounted to €583.1 million, +2.3% like-for-like increase;
  • €70 million expansion capex plan already under development;
  • Board agrees dividend proposal of €20 million (0.25 per share).

Madrid, November 27th, 2018.– Parques Reunidos, one of the world’s leading leisure park operators, closed its fiscal year 2018 (from October 2017 to September 2018) with revenue of €583.1 million, a +2.3% like-for-like increase in comparison with the previous year. In line with the trading update announced by the company on 4th October 2018, EBITDA closed at €173.6 million (+1.4 % like-for-like). Proforma net income was €49.5 million (-3.7%).

The group has delivered positive growth across all regions and season passes sales have reached new record levels (+16%), even though performance has been affected by poor weather conditions in the US and to a lesser extent in Europe. The total number of visitors have reached 19,9 million, a like-for-like increase of +1.7%.

By region, Spain achieved another record year driven by a strong attendance that resulted in revenue growth of +4%, with an outstanding performance in the fourth quarter of the year and good results from the expansion of Warner Beach. The rest of Europe also delivered a positive performance, driven by higher attendance and per capita revenue, the successful opening of Mirabeach extension at Mirabilandia (Italy) and a strong performance during the low season. In the US revenue grew 0.6%, after performance was negatively impacted by extremely adverse weather conditions -California and the Northern East have experienced a combination of cooler temperatures and more rainy days-.

Parques Reunidos is focused on delivering growth and creating value for its shareholders. The company is currently developing for 2019 four expansion projects that represent a €70 million investment. Ducati World will be a one-of-a-kind branded area at Mirabilandia (Italy) incorporating the latest technologies that replicate the experience of riding a Ducati. Kennywood (Pittsburgh, Pennsylvania) will incorporate Steelers Country, an exclusive and innovative football experience through a record breaking 67-meter-high roller coaster themed after the famous football team The Pittsburgh Steelers. Nearby Dutch Wonderland (Lancaster, Pennsylvania), the first Cartoon Network hotel will be developed offering a unique accommodation experience for the park’s visitors. Lastly, the state-of-the-art indoor “Living Shores Aquarium” will come to Story Land (New Hampshire) during 2019.

This autumn two indoor entertainment centers are opening their doors: Atlantis Aquarium and Nickelodeon Adventure, both located at Madrid Xanadu shopping center.

Parques Reunidos has a strong track record in M&A and is actively analyzing new opportunities.

About Parques Reunidos
Parques Reunidos is one of the world’s leading leisure park operators. The company portfolio comprises more than 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 Australia, receiving approximately 20 million visitors per year. For more information regarding Parques Reunidos, please visit: www.parquesreunidos.com

Contact:

Eurocofin – Communication consultancy for Parques Reunidos Group
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

Press Release in PDF