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Compagnie des Alpes Report a 6% Increase in Full Year Sales for Leisure Parks (2% Like-for-Like)


Compagnie des Alpes (CDA) have reported full year sales to 30th September 2012 for their Leisure Park sector of €296.2 million, up by 6.1%.  On a like-for-like basis, accounting for the consolidation of Futuroscope, this drops to an increase of 1.8%.

Related: Blooloop’s Who’s Who: Amusement Park Chain Ownership 2012

The year has been a bit of a rollercoaster with a promising first half (+9.9%) due to a strong All Saints’ Day-Halloween performance being offset by a 30% reduction in business in Q3 due to poor weather conditions.  Q4, however, which accounts for 50% of the annual business, benefitted from increased visitor numbers and spending.

Visitor numbers remained level (- 0.5%), whilst average visitor spending increased by 2.4% (+ 3.1% including VAT).

CDA’s best performing attractions were those which have received the biggest investment in recent years; Parc Astérix, Grévin and the Walibi parks.
In a press release CDA say:

"In a difficult economic environment, our sales growth is encouraging. This growth attests to the accuracy of the Group’s strategic positioning, backed by a vision of the leisure market that emphasizes innovation, differentiation and deep roots in geographic and cultural diversity. This is the essence of the strategic reorientation the Group has been pursuing since 2009, and that we are resolutely continuing to implement while remaining attentive to changing economic circumstances.

“The 1.8% increase like-for-like in Leisure park sales is encouraging given the context. However, it will not be enough to fully compensate for the rise in operating expenses attributable to investment and development costs, despite adjustments carried out over the year in response to economic conditions.

“Results for the period should confirm the strength of the Group’s business model over the medium-term despite the negative effects of contextual events.”

Overall group FY 2011/2012 consolidated sales, including ski resorts, came to €677.7 million, up 5.6% on a reported basis and 3.7% like-for-like.

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