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Euro Disney reported Thursday its results in its financial year end of September. The net loss after minority interests of Euro Disney appears to 55.5 million euros against a loss of 2.8 million a year ago. Revenues fell 7% to 1.23 billion. Despite a record attendance of 15.4 million people (against 15.3 million a year earlier) through new promotions, visitor expenditures were lower because of the crisis. Thus, the rate of hotel occupancy fell amounting to 87%, which has affected sales. In the statement, Philippe Gas, chairman of Euro Disney, said that the exercise "has been marked by the economic environment more difficult in our history."

Report of several payments

Under the exercise, the group has not met its predetermined performance goals.He has deferred some debt payments subject to long term as the 25 million of license fees due to TWDC and the 15.1 million euros of interest due to the Deposit and Consignment. It also plans to defer the payment of an additional $ 5.1 million of interest due to the CDC during the first quarter of fiscal 2010.

The operators do not like. The title plunges 10.17% at 5.30 euros to 10.10 am. They fear that the company does not have sufficient cash to repay its debts.

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