Euro Disney is heading towards a profit after five years in the red, a leading City analyst told the Mail on Sunday.
The theme park operator has made an annual loss 13 times since opening Disneyland Paris in 1992 and in the past five years alone has lost £217 million.
Losses have been driven by financial charges on the company’s £1.36 billion debt mountain which was used to fund construction of the park.
The debt was taken over in September by Euro Disney’s 39.8% shareholder The Walt Disney Company, reducing the interest rate from 5.2% to 4% which will save £36 million over five years.
“The major impact will be felt next year on the cost of the debt, which will reduce,” the unnamed analyst was reported as saying.
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