USA: Six Flags Closes 2017 with New Record Results – Eighth Consecutive Year

The Six Flags operating group has recently presented its results for the 2017 financial year, in which the group achieved a record financial performance the eight year in a row as revenue grew by 40 million USD (32.5 million EUR) or three percent to 1.4 billion USD (1.1 billion EUR), compared to the previous financial year. The company attributes this success to its successful pricing strategy and international licensing program, as well as an increase in the number of guests at Six Flags parks. Attendance at Six Flags properties in 2017 grew by one percent to a total of 30.4 million guests, driven by the opening of two new waterparks and the continued success of selling season passes and memberships, whose holders accounted for 63 percent of total visitation. The Modified EBITDA for the year was 453 million EUR (558 million USD).

“I am very proud that we have achieved our eighth consecutive year of record performance in the face of unprecedented natural events. With our growing ‘Active Pass’ base, ongoing price increases, higher penetration of culinary programs, and new international licensing agreements and waterparks, we are very well-positioned to deliver another record year in 2018. We are laser-focused on overachieving 600 million USD of Modified EBITDA in 2018 and continue to work toward our long-term aspirational goal of 750 million USD Modified EBITDA by 2020,” said Jim Reid-Anderson, Chairman, President & CEO of Six Flags. (eap)