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London attacks still having an effect on Merlin attractions
Merlin Entertainments updated the market on its trading on Friday, reporting that at the current "seasonally quiet" point of the year it was in line with expectations, and consistent with the guidance provided on 1 March.
The FTSE 250 firm, which was also holding its annual general meeting, said that visits at its London Midway division remained down year-on-year, reflecting the strong trading in the comparative period and a continued impact from the 2017 terror attacks.
It said it remained confident of a recovery over time.
Additionally, while an earlier Easter period and poor weather affected a number of Merlin's parks, overall trading within the theme parks operating groups was said to be in line with expectations.
"Our 2018 new business development programme is on track, with all 644 accommodation rooms and one of the nine planned new Midway attractions, now open," the board explained in its statement.
"As announced on 19 April we have successfully refinanced certain of our banking facilities, extending the size and maturity of our revolving credit facility, and repaying £377m equivalent of sterling and dollar-denominated term loans."
Merlin said it would report its 2018 interim results on 2 August.
The FTSE 250 firm, which was also holding its annual general meeting, said that visits at its London Midway division remained down year-on-year, reflecting the strong trading in the comparative period and a continued impact from the 2017 terror attacks.
It said it remained confident of a recovery over time.
Additionally, while an earlier Easter period and poor weather affected a number of Merlin's parks, overall trading within the theme parks operating groups was said to be in line with expectations.
"Our 2018 new business development programme is on track, with all 644 accommodation rooms and one of the nine planned new Midway attractions, now open," the board explained in its statement.
"As announced on 19 April we have successfully refinanced certain of our banking facilities, extending the size and maturity of our revolving credit facility, and repaying £377m equivalent of sterling and dollar-denominated term loans."
Merlin said it would report its 2018 interim results on 2 August.
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