Merlin Entertainments plc gave a pre close trading update as it nears its year end on 28 December 2014, with the expectation to deliver EBITDA in the range £407m to £411m for the full year 2014.
- Overall positive trading performance across the Group since summer with continued revenue growth.
- Midway Attractions have performed in line with previous reports showing good performance across the portfolio with the exception of Merlin’s two attractions in Bangkok (Siam Oceanworld Bangkok and Madame Tussauds Bangkok) which have been impacted by the political instability in Thailand. Meanwhile, the opening of Madame Tussauds Singapore in October was the last of Merlin's planned new Midway rollouts for 2014.
- The LEGOLAND Parks Operating Group has performed strongly, with The LEGO Movie release this year having a positive impact for the parks.
- The Resort Theme Parks Operating Group expects to report a like-for-like revenue growth improvement over recent months, as a result of a good summer in the UK and a positive response to Halloween events.
Commenting on the update, Nick Varney, Merlin Entertainments Chief Executive Officer, said, “As we approach the end of our first financial year as a public company, I’m pleased to report continued good trading across the business, reflecting positive underlying trends, favourable weather in the period, and this year’s exceptional performance in LEGOLAND Parks…
“Whilst there is still some significant trading to come, we are confident in delivering a strong full year result.
“The performance this year has benefited from a number of one-off factors and whilst we remain positive on the outlook for 2015, our expectations remain unchanged. We continue to focus on our six strategic growth drivers and on delivering new memorable experiences for our visitors.”