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Parques Reunidos Results: EBITDA Down for 2016 but new Business and Investment Ahead

Sponge Bob Nickelodeon Parques Reunidos

Parques Reunidos has reported an EBITDA of €188.4 million (down 2.9 per cent) and revenue of €584 million (down 1.2 per cent) for the year ended 30 September 2016.

The leisure park operator attributed the decrease to poor weather conditions in the north-eastern United States – an area that contributes 60 per cent of the company’s US income – and the 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 years in Thader (Murcia), Xanadú (Madrid), intu Lakeside (London) and Dolce Vita Tejo (Lisbon), together with an aquarium at Xanadú. In addition Parques Reunidos is in negotiations to open another 20 sites.
  • The company has also signed an 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.

Click here to read the full article.

Parques Reunidos achieves EBITDA of 188.4 million Euro in 2016

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Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

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