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Euro Disney FY underlying net loss narrows - Reuters

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  • Euro Disney FY underlying net loss narrows - Reuters

    Story at http://yahoo.reuters.com/news/articl...mktNews&rpc=44

    PARIS, Nov 8 (Reuters) - Heavily-indebted theme park operator Euro Disney (EDLP.PA: Quote, Profile, Research), the operator of Disneyland Paris, said on Wednesday its full year loss narrowed on an underlying basis and was confident it could keep afloat in 2007.

    The company's reported net loss widened to 73.1 million euros ($93.28 million) from 43.7 million euros in fiscal 2005, when a debt restructuring produced an extraordinary gain. On a comparable basis, 2005's net loss was 92 million euros, it said.

    The company said it believed it had complied in fiscal 2006 with the profitability and cash flow goals it was set as part of the debt restructuring and could do so again in 2007 without the recourse to additional measures, such as cutting investment.

    "The group currently believes that it will meet its financial performance covenants in fiscal year 2007 through increased revenues and continuing cost containment," Euro Disney said.


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    Euro Disney's total borrowings amounted to 1.941 billion euros at the end of September compared with equity of 394 million.
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  • #2
    Re: Euro Disney FY underlying net loss narrows - Reuters

    hmmm. does this mean DLP will become profitable? Seems to me that, now that all the hotels are already in place and given the excellent imagineering that went into the park, it should be able to make money as long as they invest in it wisely.

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    • #3
      Re: Euro Disney FY underlying net loss narrows - Reuters

      They are ontrack. That's good news.Let's hope it continues.
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      • #4
        Re: Euro Disney FY underlying net loss narrows - Reuters

        Well with new rides on the way and trying to spruce up a little at a time in both parks, it helps turn things around.

        I think a lot of Disneyland's success recently has not only to do with the 50th, but with the increased quality that was displayed with improved upkeep and much better investment into its entertainment and rides. I hope the 15th does the same for Disneyland Resort Paris with new entertainment and rides coming its way. It can give big marketing pushes and hopefully turn some kind of profit.

        Here's best of luck to them!

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