Merlin Entertainments ‘continues to feel impact of London terror attacks’

Merlin Entertainments ‘continues to feel impact of London terror attacks’

Merlin Entertainments is continuing to feel the negative impact of the 2017 terrorist attacks in London.

The disclosure came today in a trading update by the world’s second largest visitor attraction operator.

The company said: “Visitation in our London division remains down year-on-year reflecting the strong trading in the comparative period and continued impact from the 2017 terror attacks.

“We remain confident of a recovery over time.”

Merlin added: “While an earlier Easter period and poor weather affected a number of our parks, overall trading within the theme parks operating groups was in line with expectations.”

The company described overall trading at this seasonally quiet point of the year as being in line with expectations.

A 2018 new business development programme is on track, with all 644 hotel rooms and one of nine planned new attractions now open.

As announced on 19 April we have successfully refinanced certain of our banking facilities,

The company last week announced a refinancing of certain banking facilities, extending the size and maturity of a revolving credit facility, and repaying £377 million equivalent of sterling and dollar-denominated term loans.

Merlin is due to report 2018 interim results on August 2.

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