COMPAGNIE DES ALPES (EPA:CDA) - Compagnie des Alpes // Q1 sales 2016/2017

Transparency directive : regulatory news

19/01/2017 17:44

First quarter of 2016/2017: New business growth at nearly 9%

Paris, January 19, 2017 - Consolidated sales for the first quarter of financial
year 2016/2017 reached EUR133.2 M, up by 8.9% compared with the same period
one year earlier.

Group consolidated sales, from October 1 until December 31, 2016

(In EUR thousands)                 2016/2017    2015/2016      Change

Total sales, of which:               133 175      122 241       +8.9%
* Ski Areas                           66 200       65 400       +1.2%
* Leisure Destinations                63 485       55 632      +14.1%
* International Development            3 255        1 209     +169.2%

Ski Areas: business upbeat despite the lack of snowfall

Ski Area sales for the period came to EUR66.2 M, an increase of 1.2% compared
with the same period one year earlier.

For the third consecutive year, the weather conditions were particularly
adverse during the Christmas school holidays, with a significant shortfall of
snow in all French mountain ranges(1) and, for this quarter, a school holiday
schedule, both French and foreign, that was less favorable than that of last
year, illustrating once again that a ski season should be judged as a whole and
not on a quarterly basis.

Nonetheless, Group sales rose slightly, reflecting primarily:
* A positive calendar effect, with two additional business days during the
  Christmas holidays (which will be offset in the 2nd quarter)
* The intrinsic qualities of the Group's ski areas, most of them high altitude
  resorts with an excellent reputation, especially internationally
* Efforts made by the Group in the past few years to boost attendance, as well
  as a strong investment strategy, especially with respect to snowmaking
  equipment
* Remarkable work done by teams in the field to maximize the number of slopes
  open.

Overall, all these points are reflected in the customer satisfaction scores
that remain high for the quarter despite difficult exogenous conditions.

In the first quarter, lift sales, strictly speaking, increased by 0.6%. The
managed increase in average sales per skier day of +2.8% offset the 2.2%
decline in attendance.

(1) Domaines Skiables de France - Economic outlook memo - January 9, 2017

Leisure Destinations: strong rise in sales driven by all Group sites: +14.1%

Leisure Destination sales grew by a significant 14.1% compared to the same
period last year, reaching
EUR63.5 million. This is the fourth consecutive first quarter of sustained
growth in sales following growth over the same period in 2015/2016 of 7.0%, of
15.3% in 2014/2015, and of 14.5% in 2013 /2014.

This performance was driven by:
* The traditional Halloween period, which accounts for more than 45% of the
  quarter's sales, and which rose by more than 6%, attesting to the lasting
  success of this concept
* The Corporate Christmas Tree related sales at Parc Astérix, hurt last year
  by the November 2015 attacks, rose substantially this year. This increase
  represents nearly half of the rise in sales for this park during the quarter.
* Futuroscope, the only site open throughout the first quarter, with Grévin
  Paris, experienced very dynamic sales, reinforced since last December 10 by
  the inauguration of its new structuring attraction known as "L'extraordinaire
  Voyage" timed to coincide with its 30th  anniversary. This new attraction was
  an immediate hit with visitors, quickly garnering the top satisfaction score
  of 9.3 out of 10.

In the first quarter, all the Group's sites saw their sales grow. Attendance
increased by 8.6% and the average spend per visitor increased by 5.5%, thanks
in particular to InPark spending, which remains brisk.

International Development: dynamism confirmed

International Development sales increased by more than EUR2 million, to
EUR 3.3 million, compared with the same period last year.

This strength is mainly attributable to the opening of Chaplin's World by
Grévin last April. The three other Grévin sites abroad saw their sales grow
by more than 13% over the quarter.

Outlook
The outlook for 2016/2017 provided here is given barring any major adverse
events.

* Ski Areas
The French school holidays calendar, as well as its position in relation to
those of foreign clients, is comparable to that of last year in the 2nd quarter
and, in the 3rd quarter, more favorable. Thus, with the return to normal snow
conditions in recent days, booking forecasts to date exceed those of last year
for the rest of the season. The second quarter is expected to be in line with
last year and an increase is expected in the third quarter.

* Leisure Destinations
Over the last three financial years, the 1st quarter has represented
approximately 16% of annual sales for leisure destinations, with the bulk
concentrated in the second half. This season, in addition to the positive "2nd
year" effect of the attractions inaugurated in 2016 in Walibi Belgium, Holland,
and Rhône-Alpes, new structuring attractions are being offered at Futuroscope
and Parc Astérix, enhancing the appeal of our  parks .

Upcoming events:

* Annual Shareholders' Meeting: Thursday, March 9, 2017, in the afternoon
* 2Q 2016/2017 sales: Thursday, April 20, 2017, after stock market close
* 1S 2016/2017 results: Tuesday, May 23, 2017, after stock market close

www.compagniedesalpes.com

Since it was founded in 1989, Compagnie des Alpes has established itself as an
uncontested global leader in the leisure industry, where it currently ranks
number 10 worldwide. 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
almost 22.5 million visitors and generated consolidated sales of EUR720.2 M.
With almost 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       +33 1 46 84 88 97    denis.hermesse@compagniedesalpes.fr
Sandra PICARD        +33.1 46 84 88 53    sandra.picard@compagniedesalpes.fr
Alexis d'ARGENT      +33 1 46 84 88 79    alexis.dargent@compagniedesalpes.fr

Coriolink :

Xavier YVON          +33.6 88 29 72 37    xavier.yvon@coriolink.com

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COMPAGNIE DES ALPES (EPA:CDA) - Compagnie des Alpes // Q1 sales 2016/2017

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