Euro Disney S.C.A. Reports Revenues for the First Quarter of Fiscal Year 2014

Euro Disney S.C.A. Reports Revenues for the First Quarter of Fiscal Year 2014

PARIS, February 4, 2014 /PRNewswire/ --




- Resort revenues decreased 5% reflecting lower theme parks attendance and
hotel occupancy linked to the continued economic softness in Europe
- Average guest spending increased 4% in theme parks and 6% in hotels reflecting
the Group's strategic focus on improving the guest experience
- Opening of the new Ratatouille-themed attraction in early Summer 2014


Euro Disney S.C.A. (the "Company"), parent company of Euro Disney Associes S.C.A.,
operator of Disneyland(R) Paris, reported today revenues for its consolidated group (the
"Group") for the first quarter of the fiscal year 2014 which ended December 31, 2013 (the
"First Quarter"):




Quarter ended December 31, Variance
(EUR in millions, unaudited) 2013 2012 Amount %

Theme parks 172.9 179.0 (6.1) (3.4)%
Hotels and Disney Village(R) 122.4 129.8 (7.4) (5.7)%
Other 9.6 11.9 (2.3) (19.3)%
Resort operating segment 304.9 320.7 (15.8) (4.9)%
Real estate development operating segment 1.4 6.3 (4.9) n/m
Total revenues 306.3 327.0 (20.7) (6.3)%


n/m: not meaningful



Resort operating segment revenues decreased 5% to EUR304.9 million from EUR320.7
million in the prior-year period.



Theme parks revenues decreased 3% to EUR172.9 million from EUR179.0 million in the
prior-year period due to a 7% decrease in attendance, partly offset by a 4% increase in
average spending per guest. The decrease in attendance was mainly due to fewer guests
visiting from France, Spain and the Netherlands. The increase in average spending per
guest was due to higher spending on admissions and merchandise.



Hotels and Disney Village(R) revenues decreased 6% to EUR122.4 million from EUR129.8
million in the prior-year period due to a 9.6 percentage point decrease in hotel occupancy
and lower Disney Village activity, partly offset by a 6% increase in average spending per
room. The decrease in hotel occupancy resulted from 51,000 fewer room nights sold compared
to the prior-year period, primarily due to fewer guests visiting from France, Spain and
the Netherlands, as well as lower business group activity. The increase in average
spending per room resulted from higher daily room rates, partly offset by lower spending
on food and beverage.



Other revenues decreased by EUR2.3 million to EUR9.6 million from EUR11.9 million in
the prior-year period, mainly due to lower sponsorship revenues.



Real estate development operating segment revenues decreased by EUR4.9 million to
EUR1.4 million, from EUR6.3 million in the prior-year period. This decrease was due to one
land sale closed in the prior-year period while no land sale closed in the First Quarter.
Given the nature of the Group's real estate development activity, the number and size of
transactions vary from one year to the next.



Commenting on the results, Philippe Gas, Chief Executive Officer of Euro Disney
S.A.S., said:



"In a still challenging economic environment, we realized lower attendance and
occupancy as compared to last year, which resulted in a 5% decrease in resort revenues.
However our strategy aimed at increasing guest contribution helped us offset some of the
attendance and occupancy weakness as we achieved record guest spending in both our parks
and hotels for a first quarter.



Even though we remain prudent given the current economic environment, we believe the
fundamentals of our business are strong and we are confident in our long-term strategy
focused on investing in the guest experience. The opening of our new Ratatouille-themed
attraction this summer fully reflects this growth strategy."



RECENT AND UPCOMING EVENTS



New Ratatouille-themed attraction announced for Disneyland(R) Paris in early summer
2014



Last year, the Group announced a new attraction based on the DisneyPixar movie
Ratatouille. This unique attraction, which is scheduled to open in the Walt Disney
Studios(R) Park in early summer 2014, will take guests into the world of Remy - a talented
young rat who dreams of becoming a renowned French chef. Disney storytelling, combined
with state-of-the-art technology, will create the magic of this romantic, larger-than-life
, Parisian experience. For more information, please refer to the press release issued on
February 28, 2013 which is available on the Group's website.




Press Contact
Laurent Manologlou
Tel: +33-1-64-74-59-50
Fax: +33-1-64-74-59-69
e-mail: laurent.manologlou@disney.com

Investor Relations
Olivier Lambert
Tel: +33-1-64-74-58-55
Fax: +33-1-64-74-56-36
e-mail: olivier.lambert@disney.com

Corporate Communication
Francois Banon
Tel: +33-1-64-74-59-50
Fax: +33-1-64-74-59-69
e-mail: francois.banon@disney.com


Next Scheduled Release in February 2014: Annual general meeting - February


12, 2014



Additional financial information can be found on the internet at


http://corporate.disneylandparis.com



Code ISIN: FR0010540740



Code Reuters: EDLP.PA



Code Bloomberg: EDL:FP



The Group operates Disneyland Paris, which includes: the Disneyland(R) Park, the Walt
Disney Studios(R) Park, seven themed hotels with approximately 5,800 rooms (excluding
approximately 2,300 additional third-party rooms located on the site), two convention
centers, the Disney Village(R), a dining, shopping and entertainment center, and a 27-hole
golf course. The Group's operating activities also include the development of the
2,230-hectare site, half of which is yet to be developed. Euro Disney S.C.A.'s shares are
listed and traded on NYSE Euronext Paris.




Euro Disney S.C.A.


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