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GTI Global Network > News > International
Brexit bonus for Merlin as weakened pound boosts company profit margins (2016/08/25)

Merlin Entertainments is expecting a boost in profi ts as a result of the fall in value of the pound stemming from Britain’s decision to leave the European Union (EU).  Merlin – one of the largest attractions operators in the world, second only to Disney – has forecast a percentage boost for the UK-based company, with 70 per cent of what it earns coming from outside Britain.  Reporting its half-year results, Merlin, which operates more than 100 attractions worldwide, recorded profi ts of £50m (US$65.8m, €59.2m).  The operator added that overall revenue year-on-year had grown 5.3 per cent to £573m (US$754m, €679m), with a 3 percentage point benefi t from currency movements.  Visitor numbers for the period grew 1.1 percent to 28 million, but like-for-like revenue was down 1.1 per cent, which Merlin attributed to a “challenging landscape” for its midway attractions and lower visitor numbers at Alton Towers stemming from the Smiler accident.

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