Supriya Ghosh (Editor)

Euro Disney S.C.A.

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Type
  
Public

Products
  
Theme parks

Headquarters
  
France

Number of employees
  
14,064

Traded as
  
Euronext: EDL

Total assets
  
EUR 2,160.20 million

Revenue
  
1.278 billion EUR (2016)

Euro Disney S.C.A. disneylandparisnewscomwpcontentuploads20141

Operating income
  
EUR -242 million (2016)

Net income
  
EUR -858 million (2014)

Stock price
  
EDL (EPA) € 1.98 0.00 (0.00%)9 Mar, 11:37 AM GMT+1 - Disclaimer

Parent organizations
  
The Walt Disney Company, Walt Disney Parks and Resorts

Euro Disney S.C.A. (Euronext: EDL) is the company that owns and operates Disneyland Paris in Marne-la-Vallée, France. The stock is traded on the Euronext Paris exchange.

Contents

Disneyland Paris comprises Disneyland Park, Walt Disney Studios Park, Disney Village, and seven on-site Disney Hotels. Val d'Europe is a new residential and shopping development. Another seven hotels/residences have been built not far from the two Disney theme parks on land held under Euro Disney SCA's lease, including properties from companies such as Holiday Inn, Kyriad, MyTravel and Radisson Hotels.

The Resort is a result of an agreement signed on 24 March 1987 between The Walt Disney Company and the French Authorities for the development of a new tourist destination, and construction began within a year. Since opening on 12 April 1992, the Resort has created more than 30,000 jobs (both directly and indirectly) in the region to the east of Paris. Today it is the number one tourist destination in Europe with 14.5 million visits recorded for Financial Year 2007.

1980s

In May 1985 Disney Productions indicated that they would build a European Disneyland park with a location expected to be selected by September. A letter of intent was signed on December 15, 1985 by CEO Michael Eisner and then French Prime Minister Laurent Fabius in regards to building the theme park at Marne-la-Vallée, France on 4400 acres. The theme park plans were approved by the Île-de-France regional council on July 11, 1986. The Walt Disney Company appointed Robert Fitzpatrick as Euro Disneyland president on March 12, 1987. On March 24, 1987 Euro Disney signed an agreement with the French government. Construction on Euro Disney Resort began in August 1988. In February 1989 Euro Disney SCA licensed The Walt Disney Company's intellectual property for the French theme park. Euro Disney went public by trading on the Paris Stock Exchange on October 8 at US$14 a share with 42.9 million shares sold.

1990s

In 1990 The Disney Company issued US$2.25 billion in convertible bonds through Merrill Lynch to fund building Euro Disneyland . with an additional US$770 million in bonds offered by Euro Disney in October. The second international Disney theme park, Euro Disneyland, opens as part of Euro Disney Resort in Marne-la-Vallée, France on April 12, 1992, with five theme lands: Adventureland, Discoveryland, Fantasyland, Frontierland, and Main Street plus Festival Disney resort area.

2000s

In 2005 Euro Disney delisted from the London Stock Exchange

In 2015 the company was restructured with a $1.3Bn recapitalisation, The Walt Disney company injected EUR420 Million and converted EUR600 Million of debt into capital. The restructuring also came with a 9-to-1 rights issue, hoping to raise EUR351 Million

In 2017 The Walt Disney Company offered an informal takeover of Euro Disney SCA, buying 9% of the company from Kingdom Holding and an open offer of 2 Euro per share for the remaining stock. This brought The Walt Disney Company's total ownership to 85.7%. The Walt Disney company will also invest an additional 1.5 Billion Euro to strengthen the company.

Administration

  • Chairman and CEO, Euro Disney SAS – Catherine Powell
  • Senior Vice President & Chief Operating Officer – Daniel Delcourt
  • Senior Vice President & Chief Financial Officer - Mark Stead
  • References

    Euro Disney S.C.A. Wikipedia