Merlin says visits to its London attractions are still being affected by the terror attacks last year.
The entertainment giant also wasn’t immune to the effects of the Beast from the East blast of cold weather it said.
But its downbeat trading update this morning hasn't shaken shares. Merlin's up a fraction, by 0.2%m as the market opens.
Merlin, which runs the London Eye Ferris wheel, Legoland, Alton Towers, Sea Life, the London Dungeons and Shrek's Adventure, is the world's second-biggest visitor attractions group behind Walt Disney. But it makes most of its profit outside the UK.