Full Year 2013/2014 sales
Leisure destinations, objective achieved: +6.3%Boulogne, October 23, 2014 - FY 2013/2014 sales came to €693 million, a 2.2% increase over last year.
Annual consolidated sales (in € thousands) 2013/2014 2012/2013* Change
Ski areas 388,577 393,627 -1.3%
Leisure destinations 298,586 280,932 6.3%
International development 5,276 2,379 121.8%
Other businesses 553 1,095 NS
Total sales 692,992 678,033 2.2%*Restated for reclassification following the creation of a new "International development" business
The Group's Q4 sales came to €149.1 million, in line with expectations.
Dominique Marcel, Chairman and CEO of Compagnie des Alpes, stated, "The healthy sales figures in Leisure destinations this year attest to the effectiveness of the new strategy announced last year. This performance is especially noteworthy for the consistently positive results achieved throughout the year, even with no major new attractions and in spite of a challenging economic context. The recovery plan for this business has started to bear fruit. This management acumen, combined with our expertise in operating major Ski areas, opens up attractive prospects abroad, where our services are in ever greater demand."
FY 2013/2014 sales came to €388.6 million, compared to €393.6 million for last year.
Ski lift activities saw a slight 1.1% decline following 4% growth last year. Average revenue per skier-day rose 2.2% despite a three-point increase in VAT. The number of skier days was down 3.3% after two consecutive years of growth.
Real-estate sales amounted to €2.7 million, compared to €3.8 million for the same period last year. In Q4, proceeds came to €1 million compared to €3.3 million in Q4 2012/2013.
Adjusted for this unfavorable basis for comparison, Q4 sales of €8.1 million represent only a very slight
decrease of €550 thousand.
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Leisure destinations: first benefits of the recovery plan
As expected, Q4 2013/2014 sales, at €138.9 million, were in line with the positive Q4 2012/2013 sales
figures despite very poor weather conditions in July and August.
For the financial year as a whole, Leisure destination sales came to €298.6 million, a 6.3% increase year- on-year. Growth was driven by visitor numbers, which rose significantly by 6.9% for the year, while average visitor spending remained stable (-0.3% year-on-year), despite a three-point VAT increase in France.
This growth was at seen nearly all sites. These achievements attest to the effectiveness of the new strategic orientations implemented to achieve Very High Satisfaction for customers: a leaner decision- making structure, proactive leadership of sales policies at the local level and improved visitor itineraries.
At €5.3 million for FY 2013/2014, International development sales more than doubled compared to the previous year. This is particularly due to new service contracts in the Caucasus (Arkhyz, Elbrus, and Veduchi) and continued international development of the Grévin brand abroad.
Throughout the year the Group was called upon to export its expertise abroad. Among other initiatives, this was made concrete by the signature of a service contract with MacEarth in Japan and a successful bid by Compagnie des Alpes, together with Unibail, to build an indoor Spirouland attraction as part of the renovation of the Heysel district in Belgium.
The fine business performance of Leisure destinations in FY 2013/2014 will enhance the Group's operating margins.
This strategy is continuing, in line with the plan announced in late 2013.
Upcoming Events:
FY 2013/2014 results: Thursday, December 18, before market
Q1 2014/2015 sales: Thursday, January 22, after market
www.compagniedesalpes.com
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Appendix:
Consolidated sales for October 1, 2013 to September 30, 2014
(in € thousands) | FY 2013/2014 | FY 2012/2013 * | Change |
Q1: Ski areas Leisure destinations International development Other | 69,552 47,443 609 120 | 63,497 40,887 290 265 | 9.54% 16.03% 110.00% -54.72% |
Total sales | 117,724 | 104,939 | 12.18% |
Q2: Ski areas Leisure destinations International development Other | 272,738 19,867 1,323 334 | 283,691 18,254 224 151 | -3.86% 8.84% 490.63% 121.19% |
Total sales | 294,262 | 302,320 | -2.67% |
Q3: Ski areas Leisure destinations International development Other | 38,164 92,415 1,343 -7 | 35,470 81,359 794 873 | 7.60% 13.59% 69.14% -100.80% |
Total sales | 131,915 | 118,496 | 11.32% |
Q4: Ski areas Leisure destinations International development Other | 8,123 138,861 2,001 106 | 10,969 140,432 1,071 -194 | -25.95% -1.12% 86.83% -154.64% |
Total sales | 149,091 | 152,278 | -2.09% |
FY 2013/2014 Ski areas Leisure destinations International development Other | 388,577 298,586 5,276 553 | 393,627 280,932 2,379 1,095 | -1.28% 6.28% 121.77% -49.50% |
Total sales | 692,992 | 678,033 | 2.21% |
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Since its creation in 1989, Compagnie des Alpes has stood out as an undisputed leader in the leisure industry, where it currently stands as the 10th largest player worldwide. Operator of 11 world-renowned Ski areas (Tignes, Val d'Isère, Les Arcs, La Plagne, Les Menuires, Les 2Alpes, Méribel and Serre-Chevalier) and 15 acclaimed Leisure parks (Parc Astérix, Grévin, Walibi, Futuroscope, etc.), the company boasts fast and steady growth in Europe (France, Netherlands, Germany, etc.) and more recently on the world stage (Grévin Montréal as of April 2013 and Grévin Prague as of May 2014, along with engineering and management
consultancy contracts (Russia, Morocco, Japan)). CDA also holds stakes in four Ski areas including Chamonix.
Consolidated sales amounted to €678 million, with nearly 23 million visitors, for the financial year ending September 30, 2013.
Group share of net income came to €21 million (excluding non-recurring items).
With more than 5,000 employees, Compagnie des Alpes works with its partners to create projects that provide unique experiences, far removed from standardized models. Leisure for all.
CDA is in the indices CAC All-Shares, CAC All-Tradable, CAC Mid & Small, and CAC Small. ISIN: FR0000053324; Reuters: CDAF.PA; FTSE: 5755 Recreational Services.
Contacts: Compagnie des Alpes: | Victoire Aubry | +33 1 46 84 88 victoire.aubry@compagniedesalpes.fr |
Sandra Picard Alexis d'Argent | +33.1.46.84.88.53 mailto:sandra.picard@compagniedesalpes.frsandra.picard@compagniedesalpes.fr +33 1 46 84 88 79alexis.dargent@compagniedesalpes.fr |
Les Ateliers Corporate: Xavier Yvon +33.1.84.16.02.08 mailto:xavier.yvon@lesatelierscorporate.comxavier.yvon@lesatelierscorporate.com
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