Struggling Euro Disney reports €114m net loss for 2014
by Tom Anstey | 07 Nov 2014
It's not been a magic spell for Euro Disney, which has suffered from lagging attendances and income
Following its recent €1bn (US$1.2bn, £785m) restructuring of debt from its parent company Disney, Euro Disney has reported a multi-million euro net loss, with revenues for the year down two per cent on 2013.
In 2013, the park reported losses of €79m (US$100m, £62m) and 2014’s figures puts the park a further €35m worse off, with figures signifying a net loss of €114m (US$141.3m, £89.3m).
A total of 14.2 million people went through the turnstiles at the park last year, compared to 14.9 million in 2013 and 16 million in 2012. Despite the drop in numbers, Euro Disney is still Europe’s most visited tourist attraction.
Euro Disney president Tom Wolber said the numbers were a result of “continued economic softness, notably in France" and said the €1bn refinancing of the park would “improve its financial position and enable the park to continue investing in the guest experience.”
Euro Disney’s next major boost is expected to come in 2016, when it will open a new leisure complex, Villages Nature – a sustainable vacation destination concept in partnership with holiday apartment rental company Pierre et Vacances.
Following its recent €1bn (US$1.2bn, £785m) restructuring of debt from its parent company Disney, Euro Disney has reported a multi-million euro net loss, with revenues for the year down two per cent on 2013. In 2013, the park reported losses of €79m (US$100m, £62m) and 2014’s figures puts the park a further €35m worse off, with figures signifying a net loss of €114m (US$141.3m, £89.3m). A total of 14.2 million
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