Once would be an exception, twice would be an oddity, considering this chain three would be a golden age the likes of which might never be seen again, but at four, maybe one is allowed to be optimistic?I don't really get how one extra coaster makes a pattern when three of their other parks are getting new coasters - surely just one of their parks getting a new coaster is the chain allowing new coasters to be built in their parks?
The article also says that Parques is looking to open a few FECs soon, so that'll be fun.Madrid, November 29 (EFE) .- Parques Reunidos will invest 55 million euros next year in its leisure parks, mainly in renovations and extensions, according to the presentation submitted to the National Securities Market Commission (CNMV).
The largest amount, 25 million euros, will go to the thematic area dedicated to the Ducati motorcycle manufacturer that will build in Mirabilandia park, in the region of Emilia-Romagna (Italy), and whose inauguration is scheduled for 2019.
In the Amusement Park of Madrid will invest 5 million euros, specifically in the new Nickelodeon area, according to the same source, which details that will allocate another 8 million to expand the water park Warner Beach.
Among other projects that will invest in next year, include the expansion of Mirabeach (Italy) and a new children's area theme in Kennywood (United States), both with a budget of 7 million.
By 2018, Parques Reunidos expects its gross operating profit (EBITDA) to grow at least 10%, supported by the potential growth of the asset portfolio, the recovery of the climate and its new investment projects.
The group plans to open three of the seven indoor leisure centers in which it works during the year: two Nickelodeon Adventure centers in Murcia and Madrid, and an Atlantis Aquarium in Madrid.
According to the company, the development of this type of facilities, both in shopping malls and in emblematic urban buildings, constitutes one of its main growth strategies because it contributes to increasing income stability and reducing the seasonality associated with the weather.
In its last fiscal year, closed in September, Parques Reunidos achieved a net profit of 11.4 million, 222.1% more than the 3.5 million it earned a year earlier, when its accounts were burdened by the costs of IPO.
Revenues fell by 0.8%, to 579.3 million, weighed down by the adverse weather recorded during the high season, especially in the United States and to a lesser extent in Central Europe.
The Board of Directors will propose to distribute among its shareholders the payment of a dividend of 0.25 euros per share, which will entail a disbursement of 20 million euros. EFE
Good catch! And Kennywood has a whooping three woodies RMC could do their work on. Then again, they're all really old (the youngest of the three is from 1927), so perhaps they're a little too historical to refurbish like that? I mean, their average age is almost a decade higher than the average age of Blackpool's woodies, and a refurbishment there would be completely unthinkable.What about the topper track? That's 'traditional' wood, isn't it?
I believe most coasters that age don't have proper foundations so I can't see RMC going near them from a technical as well as a historic point of view.Good catch! And Kennywood has a whooping three woodies RMC could do their work on. Then again, they're all really old (the youngest of the three is from 1927), so perhaps they're a little too historical to refurbish like that? I mean, their average age is almost a decade higher than the average age of Blackpool's woodies, and a refurbishment there would be completely unthinkable.