Parques Reunidos has reported an EBITDA of €188.4 million (down 2.9per cent) and revenue of€584 million(down1.2 per cent) for the year ended 30 September 2016.
The leisure park operator attributed the decrease to poorweather conditions in the north-eastern United States - an area that contributes 60 per cent of the company's US income - andthe adverse effect of the terrorist attack in Nice on Marineland.However, Parques Reunidos will continue with its commitment to invest €33 million in four expansion projects to be opened between 2017 and 2018.
Highlights include:
- Leisure centres in shopping malls remain a key focus with four Nickelodeon branded centres set to open over the next two yearsinThader (Murcia), Xanadú (Madrid), intu Lakeside (London) and Dolce Vita Tejo (Lisbon), together with an aquarium at Xanadú. In additionParques Reunidos is in negotiations to open another 20 sites.
- The company has also signedan agreement with Lionsgate for more branded leisure centres in malls and on the High Street.
- Parques Reunidos looks forward to the opening of the two parks that it will manage at Dubai Parks and Resorts: Bollywood Parks™and Motiongate™. The company will also manage two parks set to open in Vietnam in early 2017: the Typhoon aquatic park and the Dragon theme park.
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https://parquesreunidos.com/en/parques-reunidos-achieves-ebitda-of-188-4-million-euro-in-2016/
Rachel Read
Rachel is co-founder and strategic director at blooloop. She has a degree in engineering from Cambridge University, is a Chartered Accountant and has certificates in Sustainability Leadership and Corporate Responsibility from London Business School, and Sustainable Marketing, Media and Creative from Cambridge University's Institute for Sustainability Leadership (CISL). Rachel oversees our news, events and sustainability.
