27th Apr 2018 07:00
Merlin Entertainments plc - AGM Trading Update
27 April 2018
Group trading at this seasonally quiet point of the year has been in line with expectations and consistent with the guidance provided on 1 March.
In Midway, visitation in our London Division remains down year on year reflecting the strong trading in the comparative period and continued impact from the 2017 terror attacks. We remain confident of a recovery over time.
While an earlier Easter period and poor weather affected a number of our parks, overall trading within the Theme Parks Operating Groups was in line with expectations.
Our 2018 New Business Development programme is on track, with all 644 accommodation rooms and one of the nine planned new Midway attractions, now open.
As announced on 19 April we have successfully refinanced certain of our banking facilities, extending the size and maturity of our revolving credit facility, and repaying £377 million equivalent of Sterling and US Dollar-denominated term loans.
Merlin will report 2018 Interim results on 2 August.
Contact details:
For further information please contact:
Investors
Simon Whittington | +44 (0)1202 493 011 |
Media
James Crampton | +44 (0)1202 493 014 |
Brunswick Fiona Micallef-Eynaud / Imran Jina |
+44 (0)20 7404 5959 |
About Merlin Entertainments plc
Merlin Entertainments plc is a global leader in location based, family entertainment. As Europe's Number 1 and the world's second-largest visitor attraction operator, Merlin now operates over 120 attractions, 15 hotels and 6 holiday villages in 25 countries and across 4 continents. The company aims to deliver memorable experiences to more than 65 million visitors worldwide, through its iconic global and local brands, and the commitment and passion of its c.29,000 employees (peak season).
See Merlin Backstage (www.merlinentertainments.biz/backstage or www.facebook.com/merlinbackstage) for an insight into how Merlin delivers memorable experiences to its many millions of visitors to its attractions.
Visit www.merlinentertainments.biz for more information.
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