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February 06, 2016 8:13 PM ET

Hotels, Restaurants and Leisure

Company Overview of Merlin Entertainments plc

Company Overview

Merlin Entertainments plc operates visitor attraction places worldwide. The company operates midway attractions under the Madame Tussauds, The Eye Brand, SEA LIFE, The Dungeons, LEGOLAND Discovery Centres, Seal Sanctuaries, Blackpool Tower, WILD LIFE, Australian Treetop Adventures, Hotham Alpine, and Falls Creek brands. It also operates LEGOLAND parks under the LEGOLAND Billund, LEGOLAND Windsor, LEGOLAND California, LEGOLAND Deutschland, LEGOLAND Florida, and LEGOLAND Malaysia brands; and resort theme parks under the Alton Towers, Chessington World of Adventures, Gardaland, Heide Park, THORPE PARK, and Warwick Castle brand names. The company operates 106 attractions, 11 hotels, and 4 holida...

3 Market Close

Poole,  BH15 1NQ

United Kingdom

Founded in 1999

26,000 Employees

Phone:

44 12 0244 0082

Fax:

44 12 0244 0021

Key Executives for Merlin Entertainments plc

Group Chief Executive Officer, Member of Executive Board, Director and Member of Health, Safety & Security Committee
Age: 52
Total Annual Compensation: $1.4M
Group Chief Financial Officer, Member of Executive Board, Director and Member of Health, Safety & Security Committee
Age: 52
Total Annual Compensation: $791.0K
Compensation as of Fiscal Year 2014.

Merlin Entertainments plc Key Developments

Merlin Entertainments plc Reaffirms Earnings Guidance for 2015

Merlin Entertainments plc reaffirmed earnings guidance for 2015. As a result of Merlin's significant growth and evolution in recent years, and to better reflect the way in which the business is managed and the basis upon which decisions are made, Merlin has revised the way in which certain costs incurred by the group are allocated to its three operating groups. As a result of this change, the previous guidance for 2015 Resort Theme Parks EBITDA of £40 million - £45 million would be £42 million - £47 million. Group guidance is unchanged.

Andrew Carr to Retire as Chief Financial Officer of Merlin Entertainments plc

Merlin announced that Andrew Carr will retire in 2016 after 16 years as Chief Financial Officer. Andrew Carr has been Chief Financial Officer of Merlin Entertainments since 1999 and has served as a Director of the company over the same period including since its listing in November 2013. He has indicated that this is the right time for the Board to commence a succession planning process so that he can retire in 2016.

Merlin Entertainments plc Reports Revenue Results for the 47 Weeks Ended November 21, 2015; Reaffirms Earnings Guidance for the Year 2015

Merlin Entertainments plc reported revenue results for the 47 weeks ended November 21, 2015. The company's like for like revenue growth in the LEGOLAND Parks Operating Group remains strong, with the resorts enjoying an excellent Halloween period. Continued growth in RPC is expected to contribute to a strong margin performance for the Operating Group in 2015. Midway Attractions like for like revenue growth has remained at lower levels, with the continuation of challenging markets in London and Hong Kong, partly offset by strong performances in the rest of Asia. In the Resort Theme Parks Operating Group, trading at Alton Towers has remained significantly below the prior year. However, as expected, year on year declines have narrowed in recent weeks, reflecting the temporary change in product and customer mix during the Halloween period. Outside of the UK day-visit market, the accommodation offerings across the estate continue to perform well, as do two continental European resorts. For the year 2015, the operating group remains on track to deliver underlying EBITDA in line with previous guidance of £40 million-£45 million.

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