Merlin Entertainments anticipates 'good' profit growth

Merlin Entertainments anticipates 'good' profit growth

Alton Towers and Madame Tussauds owner Merlin Entertainments today projected profit growth for 2016.

The theme park giant said the increase in profits would be in line with expectations.

This came in a trading update for the year to November 19.

A strong Halloween period, helped by favourable weather, helped Merlin’s resort theme parks operating group.

The Legoland parks division has shown “continued positive momentum” following two years of exceptional growth.

However, trading in Florida remains soft due to “challenging” market conditions, Merlin added.

Underlying trading at its midway attractions operating group has remained consistent with levels reported in an update on September 29.

The company said it was making good progress towards its 2020 milestones, including the opening of Legoland Dubai on October 31 and Madame Tussauds Istanbul on November 28.

“Merlin anticipates reporting good profit growth in 2016, in line with expectations,” the company said.

Full year results are due to be released on March 2, 2017.

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