Center Parcs reports small rise in turnover
Center Parcs, the holiday village operator, reported a minimal rise in turnover for its first full-year of trading as a publicly listed company.
The short-break specialist saw turnover rise by 0.9% from £227.7m in 2004 to £229.6m for the year ending 21 April 2005.
Occupancy rates fell from 93.3% to 92.4%.
Martin Dalby, Center Parcs' chief executive officer, described the results as satisfactory against higher-than-expected energy cost inflation.
He added: "While management has seen no signs of a slowdown in consumer confidence affecting the Center Parcs business to date, we remain cautious given the general economic outlook for the UK."
Center Parcs plans to co-fund with its property landlords £40m worth of expansion at the four existing sites, while its new fifth venue in Woburn, Bedfordshire, is currently awaiting planning permission.
Centre Parcs moved from the Alternative Investment market to the London Stock Exchange early this year.
Center Parcs plans Bedfordshire opening >>
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