Madrid. May 9, 2019 – Parques Reunidos has closed the first quarter of the financial year 2019 with revenues of 58.1 million Euro, +40.5% compared with the same period of the previous year, when Tropical Islands did not belong to the group. Parques Reunidos’ high season is concentrated between June and September, and its first quarter represents only 10% of the total annual revenues. This explains EBITDA of -20.9 million Euro, which has improved by 1.1% on a like-for like basis.
Revenues slightly decreased by 1.5% on a like-for-like basis, given the shift in the Easter Holidays’ calendar. As of April 28, to account for the Easter calendar shift, revenues increased by 9.1% and the total number of visitors increased by 13.1%, reaching 2.3 million visitors, above the company’s expectations.
Spain showed a remarkable performance: revenues grew by 26.6% as of April 28, boosted by strong attendance (+18.6%) and a per capita expenditure of 5.3%. Season passes have also grown 8% since its marketing campaign started.
In the rest of Europe revenues grew 4.7% as of April 28, boosted by higher attendance. In the US most of the parks were still closed by April 28, so although performance is not significant yet, season passes increased by 25% since October 2018, improving earnings visibility for the remainder of the season.
These results represent a good start of the year. The company has €70 million of expansion projects under execution, all of them scheduled to open this year, such as Ducati World in Mirabilandia (Italy), Steelers Country in Kenywood (Pennsylvania, USA), Living Shores Aquarium in Story Land (New Hampshire, USA) and Cartoon Network Hotels in Dutch Wonderland (Pennsylvania, USA).
About Parques Reunidos
Parques Reunidos is one of the world’s leading leisure park operators. The company portfolio comprises over 60 assets (theme parks, animal parks, aquatic parks, family entertainment centers and other attractions). The group is present in North America, Europe and Oceania, and welcomes an average total of 20 million visitors every year. To find more information regarding Parques Reunidos, please visit: www.parquesreunidos.com
Tel. +34 91 787 03 19
Maria Teresa Roca de Togores
Tel.: (+34) 91 526 97 00