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NEWS
Multiple attraction launches in first half of 2014 spur on Merlin's profit numbers
POSTED 01 Aug 2014 . BY Tom Anstey
Nick Varney say Merlin has made significant progress throughout 2014 Credit: Merlin
Merlin Entertainments has posted its half year results through to 28 June 2014, marking a 10 per cent growth in operating profit compared to the same period last year.

Operating profits for the attractions operator increased to £71m (US$119.8m, €89.5m) for the first half of the year, compared to £64m (£108m, €80.7m) profit from the same period in 2013.

Visitor numbers also saw an increase for the first six months of the year, with a rise of 6.6 per cent – from 25.8 million in 2013 to 27.5 million in 2014.

Merlin has made good progress against its strategic growth drivers so far this year, with the successful launches of Alton Towers’ CBeebies Land
furthering the theme park's pre-school offering, while the debuts of Legends of Chima at Legoland California and the new Flight of the Demons winged coaster at Heide Park were both well received upon opening.

Five midway attractions have been opened by Merlin so far this year, with Sea Life Charlotte, North Carolina, Madame Tussauds and Dungeon in San Francisco, Madame Tussauds in Beijing
and a Legoland Discovery Centre in Boston, all helping to drive growth for the attractions giant, which now has more than 100 locations worldwide.

While the Midway Attractions Operating Group saw revenues grow by 5.6 per cent, trading has been affected by a range of factors. Firstly, political disruption in Bangkok has had a significant impact on the Siam Ocean World aquarium and Madame Tussauds situated in the city. Secondly, business was impacted by severe cold weather in North America in the earlier part of the period. Not only did the cold weather impact trading performance at the time but subsequently schools have had to reduce planned holidays to meet federal laws requiring minimum school opening days.

“Merlin continues to make significant progress through the first half of 2014,” said CEO Nick Varney.

“Against a backdrop of ongoing currency headwinds, we have delivered further growth in visitor numbers, revenues and profits, with continued delivery from our existing estate, underpinned by the ongoing roll out of our unique portfolio of international leisure brands.

“The first half performance was supported by the more favourable weather in Northern Europe and a particularly strong Legoland performance, which was fuelled partly by effective marketing around the internationally successful Lego movie. This offset a relatively weaker performance by the Midway Attractions Operating Group which was affected by a number of external events.”

MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
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Jobs    News   Products   Magazine   Subscribe
NEWS
Multiple attraction launches in first half of 2014 spur on Merlin's profit numbers
POSTED 01 Aug 2014 . BY Tom Anstey
Nick Varney say Merlin has made significant progress throughout 2014 Credit: Merlin
Merlin Entertainments has posted its half year results through to 28 June 2014, marking a 10 per cent growth in operating profit compared to the same period last year.

Operating profits for the attractions operator increased to £71m (US$119.8m, €89.5m) for the first half of the year, compared to £64m (£108m, €80.7m) profit from the same period in 2013.

Visitor numbers also saw an increase for the first six months of the year, with a rise of 6.6 per cent – from 25.8 million in 2013 to 27.5 million in 2014.

Merlin has made good progress against its strategic growth drivers so far this year, with the successful launches of Alton Towers’ CBeebies Land
furthering the theme park's pre-school offering, while the debuts of Legends of Chima at Legoland California and the new Flight of the Demons winged coaster at Heide Park were both well received upon opening.

Five midway attractions have been opened by Merlin so far this year, with Sea Life Charlotte, North Carolina, Madame Tussauds and Dungeon in San Francisco, Madame Tussauds in Beijing
and a Legoland Discovery Centre in Boston, all helping to drive growth for the attractions giant, which now has more than 100 locations worldwide.

While the Midway Attractions Operating Group saw revenues grow by 5.6 per cent, trading has been affected by a range of factors. Firstly, political disruption in Bangkok has had a significant impact on the Siam Ocean World aquarium and Madame Tussauds situated in the city. Secondly, business was impacted by severe cold weather in North America in the earlier part of the period. Not only did the cold weather impact trading performance at the time but subsequently schools have had to reduce planned holidays to meet federal laws requiring minimum school opening days.

“Merlin continues to make significant progress through the first half of 2014,” said CEO Nick Varney.

“Against a backdrop of ongoing currency headwinds, we have delivered further growth in visitor numbers, revenues and profits, with continued delivery from our existing estate, underpinned by the ongoing roll out of our unique portfolio of international leisure brands.

“The first half performance was supported by the more favourable weather in Northern Europe and a particularly strong Legoland performance, which was fuelled partly by effective marketing around the internationally successful Lego movie. This offset a relatively weaker performance by the Midway Attractions Operating Group which was affected by a number of external events.”

RELATED STORIES
Merlin builds on Lego's popularity in Japan with announcement of Osaka Discovery Centre


Merlin Entertainments and Osaka Aquarium Kaiyukan in Japan have announced plans today (23 July) to open a new Legoland Discovery Centre in Tempozan Market Place Mall, Osaka.
Merlin unveils US$315m plans for Legoland Japan


Merlin Entertainments has today (30 June) unveiled plans for a high-profile development in the world’s second biggest theme park market, with the launch of its first Legoland in Japan.
Merlin unveils two midway attractions in San Francisco


Famed for its vibrant street life, hippy culture, cable cars and the Golden Gate Bridge, San Francisco can put another pair of feathers in its tourism cap. The California city is now home to a Madame Tussauds and a Dungeon, two proven Merlin Entertainments attractions which opened today at Fisherman’s Wharf.
CBeebies Land gets rave reviews from visitors following launch at Alton Towers


CBeebies Land at Alton Towers, UK, has hit the ground running following its recent launch, experiencing largely positive feedback from visitors for the BBC children’s TV channel tie-up.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


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Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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