Financial Times FT.com

Magic fades as Paris theme park sinks into loss

By Scheherazade Daneshkhu in Paris

Published: November 13 2009 02:00 | Last updated: November 13 2009 02:00

Euro Disney has plunged back into the red, sending its shares 10 per cent lower yesterday as the operator of Europe's largest theme park missed performance targets for the 2009 financial year.

In spite of a record attendance of 15.4m visits, up from 15.3m in the year to September 30 2008, the heavily indebted company made a net loss of €63m ($93m) after creeping into profit in 2008 for the first time in five years, with a net €1.7m.

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