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NEWS
Merlin posts 2015 results after 'challenging' year
POSTED 25 Feb 2016 . BY Alice Davis
New investments like the hotel at Legoland Florida have helped boost revenues
Merlin Entertainments has released its end of year results, showing generally robust earnings as pre-tax profits edged up 0.3 per cent, despite the immediate and ongoing fallout from the Smiler accident at Alton Towers on 2 June.

News also broke today (25 February) that Alton Tower’s owner Merlin Attractions Operation Ltd is to be prosecuted over the accident, in which two people lost a leg and others were injured. The company is scheduled to appear in court on 22 April facing a charge under the Health and Safety at Work Act 1974.

Merlin generated £1.28bn (US$1.79bn, €1.6bn) in revenue, up 2.3 per cent on the previous year’s figure of £1.25bn and resulting in pre-tax profits of £250m (US$350m, €317m), a 0.3 per cent rise.

Merlin’s Legoland arm supported gains, recording 8.2 per cent growth to £429m (US$600m, €543m). However, those were largely offset by the resorts and theme parks group, where revenues were hit by the drop in visitors to Alton Towers and decreased 12.4 per cent from £331m (US$463m, €419m) in 2014 to £285m (US$399, €361m) in 2015.

Midway attractions recorded like for like growth of 2.3 per cent, buoyed by a strong performance in Asia and Europe and the opening of seven new sites in this category.

“Despite a challenging year, the business delivered a robust performance in 2015. We continued to see a strong trading performance in Legoland parks and a positive contribution from new business development,” said Merlin CEO Nick Varney.

Varney said that the company continued to look to the future as it announced its targets for 2020, which include opening up 2,000 new rooms, 40 new midways and four new Legoland parks.

“We remain confident in the strength of the underlying business and the natural diversification that the growing portfolio creates,” Varney said.

Finally, Varney also announced that Merlin Entertainments is investing US$34m (£42m, €31m) in Big Bus city tours in a partnership that would bring bus passengers to Merlin’s city midways.
RELATED STORIES
  Anne-Françoise Nesmes to join Merlin board as new CFO


Merlin Entertainments has announced the appointment of Anne-Françoise Nesmes to its board as chief financial officer, effective from 1 August 2016.
  Exclusive: Merlin creative director reveals new details about Derren Brown attraction coming to Thorpe Park in 2016


Paul Moreton, global creative director for Merlin Magic Making at Merlin Entertainments has exclusively revealed to Attractions Management new details about Derren Brown’s new ride at Thorpe Park, which will use a number of modern and traditional techniques to create an experience right from the mind of the master illusionist.
  Is Alton Towers about to unveil a VR coaster?


With Merlin bosses hoping to rekindle interest in Alton Towers after a poor summer, the UK theme park has revealed a teaser for “Something Exciting!”, rumoured to be the addition of virtual reality to its Air rollercoaster.
  IAAPA 2015: Gesture-tech Ninjago ride announced for Legoland Malaysia


Ride maker Triotech unveiled its new gesture-led Maestro technology at IAAPA last week, as Merlin announced a third location for a dark ride using the technology.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
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.
+ More news   
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Salary: £61,000 - £64,000 + exceptional pension + excellent benefits
Job location: Luton , United Kingdom
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Salary: c£65,000pa + pension + benefits
Job location: mount batten centre, plymouth , United Kingdom
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08-08 May 2024

Hospitality Design Conference

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10-12 May 2024

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NEWS
Merlin posts 2015 results after 'challenging' year
POSTED 25 Feb 2016 . BY Alice Davis
New investments like the hotel at Legoland Florida have helped boost revenues
Merlin Entertainments has released its end of year results, showing generally robust earnings as pre-tax profits edged up 0.3 per cent, despite the immediate and ongoing fallout from the Smiler accident at Alton Towers on 2 June.

News also broke today (25 February) that Alton Tower’s owner Merlin Attractions Operation Ltd is to be prosecuted over the accident, in which two people lost a leg and others were injured. The company is scheduled to appear in court on 22 April facing a charge under the Health and Safety at Work Act 1974.

Merlin generated £1.28bn (US$1.79bn, €1.6bn) in revenue, up 2.3 per cent on the previous year’s figure of £1.25bn and resulting in pre-tax profits of £250m (US$350m, €317m), a 0.3 per cent rise.

Merlin’s Legoland arm supported gains, recording 8.2 per cent growth to £429m (US$600m, €543m). However, those were largely offset by the resorts and theme parks group, where revenues were hit by the drop in visitors to Alton Towers and decreased 12.4 per cent from £331m (US$463m, €419m) in 2014 to £285m (US$399, €361m) in 2015.

Midway attractions recorded like for like growth of 2.3 per cent, buoyed by a strong performance in Asia and Europe and the opening of seven new sites in this category.

“Despite a challenging year, the business delivered a robust performance in 2015. We continued to see a strong trading performance in Legoland parks and a positive contribution from new business development,” said Merlin CEO Nick Varney.

Varney said that the company continued to look to the future as it announced its targets for 2020, which include opening up 2,000 new rooms, 40 new midways and four new Legoland parks.

“We remain confident in the strength of the underlying business and the natural diversification that the growing portfolio creates,” Varney said.

Finally, Varney also announced that Merlin Entertainments is investing US$34m (£42m, €31m) in Big Bus city tours in a partnership that would bring bus passengers to Merlin’s city midways.
RELATED STORIES
Anne-Françoise Nesmes to join Merlin board as new CFO


Merlin Entertainments has announced the appointment of Anne-Françoise Nesmes to its board as chief financial officer, effective from 1 August 2016.
Exclusive: Merlin creative director reveals new details about Derren Brown attraction coming to Thorpe Park in 2016


Paul Moreton, global creative director for Merlin Magic Making at Merlin Entertainments has exclusively revealed to Attractions Management new details about Derren Brown’s new ride at Thorpe Park, which will use a number of modern and traditional techniques to create an experience right from the mind of the master illusionist.
Is Alton Towers about to unveil a VR coaster?


With Merlin bosses hoping to rekindle interest in Alton Towers after a poor summer, the UK theme park has revealed a teaser for “Something Exciting!”, rumoured to be the addition of virtual reality to its Air rollercoaster.
IAAPA 2015: Gesture-tech Ninjago ride announced for Legoland Malaysia


Ride maker Triotech unveiled its new gesture-led Maestro technology at IAAPA last week, as Merlin announced a third location for a dark ride using the technology.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
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.
+ More news   
 
COMPANY PROFILES
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
TechnoAlpin

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

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [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  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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