Financial analysis eurodisney

 Financial analysis eurodisney Composition

п»їIII. Trend Research:

A. Perimeter Analysis and tendencies:

1 . EBITDA

Initial, we will certainly calculate EBITDA. It is a important indicator as the performances of any company rely upon its operating performance. We can see here that the EBITDA boost by 2011. However , this individual decreased in 2012 because of a negative EBIT. The main reason for this is the bad earnings in 2012, really reflecting a pattern park attendance of six. 5 , 000, 000 visitors, down 8%, somewhat offset with a 1% embrace average spending per visitor which amounts to 43. 51 pounds. The drop in presence in theme parks reflects a decline in the number of English language and Nederlander visitors EBITDA = EBIT + Devaluation & Amortization = Functional result & Depreciation and Amortization Devaluation & Demise

2012=173. 6 M euros

2011=173. 5 Meters euros

2010=132. 9 Meters euros

EBIT

2012: several. 4 M euros

2011: 11. five M pounds

2010: 34. one particular M euros

EBITDA

2012 = 3. some + 173. 6=177 Meters euros

2011 =11. 5 & 173. 5= 185 M euros

2010= thirty four. 1 + 132. 9= 167 M euros

2 . Useful

Value Added sama dengan EBITDA + Personnel costs

(in m€)

2010

2011

2012

Value Added:

206. 6

215. 7

197

Personnel Cost

29. 6th

30. 6th

30

The worthiness added corresponds to the increase of value resulting from inner production factors. He lowered by 8% between 2011 and 2012 and improved by four. 2% among 2010 and 2011. You observe that personnel costs will be relatively stable. This is because it is quite difficult to replace the labor suggestions in the short term as a result of social best practice rules in many countries.

3. EBITDA margin and Productivity of capital

Productivity of capital= VA/ noncurrent possessions

2012: 197 /103. 5 sama dengan 1 . 9

2011: 215. 7 /200. 7 sama dengan 1 . 07

2010: 206. 6 /204. 3 =1. 01

EBITDA margin sama dengan EBITDA/sales

2012: 177/1375=12. 9%

2011: 185/1298=14. 3%

2010: 167/1276=13. 1%

You observe with this important indication that Eurodisney earns every year almost the same revenue by simply ticket sold. Their value added is nearly a similar and this may reflect an excellent...