COMPAGNIE DES ALPES CONSOLIDATED SALES FOR THE FIRST9 MONTHS OFFY 2016/2017 SALES UP BY7.5%, BOOSTED BY VERY DYNAMIC3RDQUARTER
Press releaseParis, July 20, 2017 - Compagnie des Alpes announces consolidated sales for the first 9 months of financial year 2016/2017 totaling €612.7 million on a comparable basis,* an increase of +7.5% versus the same period one year earlier.
Group consolidated sales, October 1, 2016 through June 30, 2017(In € thousands) | 2016/2017 Comparable scope* | 2015/2016 Comparable scope* | Change on a comparable basis* |
Total sales, of which: | 612 677 | 569 862 | +7.5% |
| 420 080 | 402 247 | +4.4% |
| 182 668 | 162 340 | +12.5% |
| 9 908 | 5 269 | +88.1% |
*Comparable scope reflects Group consolidated sales without the inclusion of the Fort Fun site, which was sold in the course of the 3rdquarter of 2016/2017.
Ski Areas: skier days on the rise for the 2ndyear in a rowSki Area sales for the 3rdquarter increased significantly (by more than 30%) to € 50.3 million. This performance is attributable primarily to the favorable configuration of the spring holiday calendar, with the Zone C vacation falling at the beginning of April and, as announced, by the fact that the Easter weekend fell in the 3rdquarter
For the first nine months of the year, sales increased by 4.4% compared to the same period last year, reaching €420.1 million. Lift ticket sales, strictly speaking, increased by 4.5%, thanks in particular to the 0.6% increase in skier days.
This increase in skier days for the 2ndyear in a row is an important indicator for the Group, which has made a return to volume growth a major focus of its strategy, achieved by combining attractiveness, accommodations, and resort marketing.
The 4thquarter typically represents just 2% of annual sales, and the Group expects that its full-year sales growth will be around 4.0%.
Leisure Destinations: the season gets off to a very satisfying startLeisure Destination sales for the 3rdquarter rose by more than 16% on a like-for-like basis, reaching €99.7 million. All of the Group's sites contributed to this dynamic performance, notably Parc Astérix, Futuroscope, and Walibi Rhône-Alpes.
Press releaseThis performance is partly attributable to a positive base effect, as the 3rdquarter of 2015/2016 was marked by a number of one-off factors: the flooding in Paris and Europe; strikes and social unrest in France; and an unfavorable calendar, with significantly fewer holidays (May 1st and 8th fell on Sunday).
For the first nine months of the year, sales increased by 12.5% like-for-like, reaching €182.7 million. This increase was driven by a significant 10.8% increase in attendance combined with a controlled price effect of 1.7%.
The 4thquarter generally accounts for nearly 45% of annual sales. Given site visitor capacity and the constraints imposed by the Very High Customer Satisfaction program, the Group's objective for the 4thquarter is that sales match those for the same period last year, which enjoyed very favorable weather conditions (barring the occurrence of major weather or other events with an impact on sales).
Group Development: new assistance contract for one of the main sites of the 2022 Olympic Games in BeijingThe Group's development business continued to expand significantly, reaching €9.9 million for the first nine months of the year.
For the international Grévin facilities, the sales performance was mainly boosted by Chaplin's World by Grévin. As for the other three sites, sales are progressing but remain below the Group's expectations. The specific action plans that were developed for them will be assessed after the peak season.
The consulting business continues to expand and, through its subsidiary in Beijing, CDA Beijing, has just signed a contract with BEG (Beijing Enterprise Group) for an advisory role at the Yanqing resort, which has been selected as the main venue for the 2022 World Olympics downhill, bobsled, and luge events.
Upcoming events:
Annual sales for FY 2016/2017: Thursday, October 19, 2017, after stock market closes
Annual results for FY 2016/2017: Tuesday, December 12, 2017, before stock market closes
www.compagniedesalpes.com
Press releaseSince it was founded in 1989, Compagnie des Alpes has established itself as an uncontested leader in the leisure industry. At the helm of 11 of the world's most prestigious ski resorts (Tignes, Val d'Isère, Les Arcs, La Plagne, Les Menuires, Les 2Alpes,
Méribel, Serre-Chevalier, etc.) and13 renowned leisure destinations (Parc Astérix, Grévin, Walibi, Futuroscope, etc.), the company is steadily expanding in Europe (France, the Netherlands, Belgium, Germany, etc.) and, more recently, at the international level (Grévin Montréal in April 2013, Grévin Prague in May 2014, Grévin Seoul in July 2015 and engineering and management assistance contracts (Russia, Morocco, Japan)). CDA also owns stakes in 4 ski areas, including Chamonix.
During the financial year ended September 30, 2016, CDA facilities welcomed nearly 22.5 million visitors and generated consolidated sales of 720.2 M€.
With more than 5,000 employees, Compagnie des Alpes works with its partners to build projects that generate unique experiences, the opposite of a standardized concept. Exceptional leisure activities for everyone.
CDA is included in the following indices: CAC All-Shares, CAC All-Tradable, CAC Mid & Small et CAC Small. ISIN: FR0000053324 ; Reuters: CDAF.PA; FTSE: 5755 Recreational services
Contacts: Compagnie des Alpes : | Denis HERMESSE Sandra PICARD | +33 1 46 84 88 97 +33.1 46 84 88 53 | denis.hermesse@compagniedesalpes.frsandra.picard@compagniedesalpes.fr |
Thomas Marko & Associés: | Alexis d'ARGENT Xavier YVON | +33 1 46 84 88 79 +33.6 88 29 72 37 | alexis.dargent@compagniedesalpes.frxavier.y@tmarkoagency.com |
Comparable scope* | Current scope | |||||
(In thousands of €) | FY 2016/2017 | FY 2015/2016 | Change | FY 2016/2017 | FY 2015/2016 | Change |
First quarter: | 66 200 | 65 400 | +1.2% | 66 200 | 65 400 | +1.2% |
Ski Areas | ||||||
Leisure Destinations | 62 844 | 54 994 | +14.3% | 63 485 | 55 632 | +14.1% |
Group Development | 3 255 | 1 209 | +169.2% | 3 255 | 1 209 | +169.2% |
Other | 235 | 0 | NA | 235 | 0 | NA |
Total sales | 132 534 | 121 603 | +9.0% | 133 175 | 122 241 | +8.9% |
Second quarter: | 303 555 | 298 348 | +1.7% | 303 555 | 298 348 | +1.7% |
Ski Areas | ||||||
Leisure Destinations | 20 172 | 21 600 | -6.6% | 20 250 | 21 740 | -6.9% |
Group Development | 3 354 | 1 373 | +144.2% | 3 354 | 1 373 | +144.2% |
Other | -215 | 1 | NA | -215 | 1 | NA |
Total sales | 326 866 | 321 322 | +1.7% | 326 944 | 321 462 | +1.7% |
Third quarter: | 50 325 | 38 499 | +30.7% | 50 325 | 38 499 | +30.7% |
Ski Areas | ||||||
Leisure Destinations | 99 652 | 85 746 | +16.2% | 99 652 | 87 215 | +14.3% |
Group Development | 3 300 | 2 686 | +22.8% | 3 300 | 2 686 | +22.8% |
Other | 1 | 5 | NA | 1 | 5 | NA |
Total sales | 153 278 | 126 936 | +20,8% | 153 278 | 128 405 | +19.4% |
Cumulative through 3rdquarter | 420 080 | 402 247 | +4.4% | 420 080 | 402 247 | +4.4% |
Ski Areas | ||||||
Leisure Destinations | 182 668 | 162 340 | +12.5% | 183 387 | 164 587 | +11.4% |
Group Development | 9 908 | 5 269 | +88.1% | 9 908 | 5 269 | +88.1% |
Other | 21 | 6 | NA | 21 | 6 | NA |
Total sales | 612 677 | 569 862 | +7.5% | 613 396 | 572 109 | +7.2% |
*Comparable scope reflects Group consolidated sales without the inclusion of the Fort Fun site, which was sold in the course of the 3rdquarter of 2016/2017.
Compagnie des Alpes SA published this content on 20 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 July 2017 18:03:05 UTC.
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