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NEWS
Merlin posts 2015 results after 'challenging' year
POSTED 25 Feb 2016 . BY Alice Davis
New investments like the hotel at Legoland Florida have helped boost revenues
Merlin Entertainments has released its end of year results, showing generally robust earnings as pre-tax profits edged up 0.3 per cent, despite the immediate and ongoing fallout from the Smiler accident at Alton Towers on 2 June.

News also broke today (25 February) that Alton Tower’s owner Merlin Attractions Operation Ltd is to be prosecuted over the accident, in which two people lost a leg and others were injured. The company is scheduled to appear in court on 22 April facing a charge under the Health and Safety at Work Act 1974.

Merlin generated £1.28bn (US$1.79bn, €1.6bn) in revenue, up 2.3 per cent on the previous year’s figure of £1.25bn and resulting in pre-tax profits of £250m (US$350m, €317m), a 0.3 per cent rise.

Merlin’s Legoland arm supported gains, recording 8.2 per cent growth to £429m (US$600m, €543m). However, those were largely offset by the resorts and theme parks group, where revenues were hit by the drop in visitors to Alton Towers and decreased 12.4 per cent from £331m (US$463m, €419m) in 2014 to £285m (US$399, €361m) in 2015.

Midway attractions recorded like for like growth of 2.3 per cent, buoyed by a strong performance in Asia and Europe and the opening of seven new sites in this category.

“Despite a challenging year, the business delivered a robust performance in 2015. We continued to see a strong trading performance in Legoland parks and a positive contribution from new business development,” said Merlin CEO Nick Varney.

Varney said that the company continued to look to the future as it announced its targets for 2020, which include opening up 2,000 new rooms, 40 new midways and four new Legoland parks.

“We remain confident in the strength of the underlying business and the natural diversification that the growing portfolio creates,” Varney said.

Finally, Varney also announced that Merlin Entertainments is investing US$34m (£42m, €31m) in Big Bus city tours in a partnership that would bring bus passengers to Merlin’s city midways.
RELATED STORIES
  Anne-Françoise Nesmes to join Merlin board as new CFO


Merlin Entertainments has announced the appointment of Anne-Françoise Nesmes to its board as chief financial officer, effective from 1 August 2016.
  Exclusive: Merlin creative director reveals new details about Derren Brown attraction coming to Thorpe Park in 2016


Paul Moreton, global creative director for Merlin Magic Making at Merlin Entertainments has exclusively revealed to Attractions Management new details about Derren Brown’s new ride at Thorpe Park, which will use a number of modern and traditional techniques to create an experience right from the mind of the master illusionist.
  Is Alton Towers about to unveil a VR coaster?


With Merlin bosses hoping to rekindle interest in Alton Towers after a poor summer, the UK theme park has revealed a teaser for “Something Exciting!”, rumoured to be the addition of virtual reality to its Air rollercoaster.
  IAAPA 2015: Gesture-tech Ninjago ride announced for Legoland Malaysia


Ride maker Triotech unveiled its new gesture-led Maestro technology at IAAPA last week, as Merlin announced a third location for a dark ride using the technology.
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News   Products   Magazine   Subscribe
NEWS
Merlin posts 2015 results after 'challenging' year
POSTED 25 Feb 2016 . BY Alice Davis
New investments like the hotel at Legoland Florida have helped boost revenues
Merlin Entertainments has released its end of year results, showing generally robust earnings as pre-tax profits edged up 0.3 per cent, despite the immediate and ongoing fallout from the Smiler accident at Alton Towers on 2 June.

News also broke today (25 February) that Alton Tower’s owner Merlin Attractions Operation Ltd is to be prosecuted over the accident, in which two people lost a leg and others were injured. The company is scheduled to appear in court on 22 April facing a charge under the Health and Safety at Work Act 1974.

Merlin generated £1.28bn (US$1.79bn, €1.6bn) in revenue, up 2.3 per cent on the previous year’s figure of £1.25bn and resulting in pre-tax profits of £250m (US$350m, €317m), a 0.3 per cent rise.

Merlin’s Legoland arm supported gains, recording 8.2 per cent growth to £429m (US$600m, €543m). However, those were largely offset by the resorts and theme parks group, where revenues were hit by the drop in visitors to Alton Towers and decreased 12.4 per cent from £331m (US$463m, €419m) in 2014 to £285m (US$399, €361m) in 2015.

Midway attractions recorded like for like growth of 2.3 per cent, buoyed by a strong performance in Asia and Europe and the opening of seven new sites in this category.

“Despite a challenging year, the business delivered a robust performance in 2015. We continued to see a strong trading performance in Legoland parks and a positive contribution from new business development,” said Merlin CEO Nick Varney.

Varney said that the company continued to look to the future as it announced its targets for 2020, which include opening up 2,000 new rooms, 40 new midways and four new Legoland parks.

“We remain confident in the strength of the underlying business and the natural diversification that the growing portfolio creates,” Varney said.

Finally, Varney also announced that Merlin Entertainments is investing US$34m (£42m, €31m) in Big Bus city tours in a partnership that would bring bus passengers to Merlin’s city midways.
RELATED STORIES
Anne-Françoise Nesmes to join Merlin board as new CFO


Merlin Entertainments has announced the appointment of Anne-Françoise Nesmes to its board as chief financial officer, effective from 1 August 2016.
Exclusive: Merlin creative director reveals new details about Derren Brown attraction coming to Thorpe Park in 2016


Paul Moreton, global creative director for Merlin Magic Making at Merlin Entertainments has exclusively revealed to Attractions Management new details about Derren Brown’s new ride at Thorpe Park, which will use a number of modern and traditional techniques to create an experience right from the mind of the master illusionist.
Is Alton Towers about to unveil a VR coaster?


With Merlin bosses hoping to rekindle interest in Alton Towers after a poor summer, the UK theme park has revealed a teaser for “Something Exciting!”, rumoured to be the addition of virtual reality to its Air rollercoaster.
IAAPA 2015: Gesture-tech Ninjago ride announced for Legoland Malaysia


Ride maker Triotech unveiled its new gesture-led Maestro technology at IAAPA last week, as Merlin announced a third location for a dark ride using the technology.
MORE NEWS
One in three spa practitioners have considered leaving the industry due to concerns about their own wellbeing
A new survey of UK and international spa practitioners shows that stress, burnout and wellbeing concerns have caused one in three respondents to consider leaving the industry.
UK updates physical activity guidelines with focus on daily movement
The UK's four Chief Medical Officers have published a refreshed edition of Physical activity guidelines: UK Chief Medical Officers' report, updating the evidence that underpins the nation's physical activity recommendations and placing greater emphasis on strength, balance, reducing sedentary behaviour and, for the first time, supporting people taking weight loss medications.
Sauna advocate Becky Pelkonen drafts global public sauna-bathing charter
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Embrace the chill: TechnoAlpin's Snowsky revolutionises post-fitness recovery with falling snow
In the fast-paced world of fitness and wellness, where high-intensity workouts push us to our limits and the sweat pours, the importance of efficient recovery cannot be overstated. [more...]
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Elevate Spa Riviera Maya Edition

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ADVERTISE . CONTACT US

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Tel: +44 (0)1462 431385

©Cybertrek 2026

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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