COMPAGNIE DES ALPES (EPA:CDA) - CDA - Disposal of the Fort Fun park in Germany

Transparency directive : regulatory news

26/04/2017 17:45

Press release

                  Disposal of the Fort Fun park in Germany

Paris, 26 April 2017 - Compagnie des Alpes announces the disposal of the Fort
Fun amusement park (Germany) to Looping Group, operator of 12 sites across
Europe (amusement parks, water parks, wildlife parks and aquariums), owned by
Ergon Capital Partners III S.A. The operation is subject to the prior approval
of the German competition authorities.

The transaction values the business at EUR7 million and will be settled in
cash. Fort Fun generated revenue of EUR5.9 million in the 2015/2016 fiscal
year, gross operating profit of approximately 1.5% of that of the BU "Leisure
Destinations" and welcomed more than 265,000 visitors.

The sale will have an immaterial impact on the income statement over the full
year, as interim losses (recognised at the beginning of the season when the
park makes little revenue) will be offset by the capital gain on disposal.

The sale of Fort Fun is consistent with the strategy, announced at the end of
2013, to refocus the scope of the Group's sites on those with the ability to
boost their reputation from regional to national, if not international, and
able to reach the Very High Customer Satisfaction.

Upcoming events:
  * 2016/2017 first half earnings: Tuesday, May 23, 2017, before stock market
    open
  * 3rd  quarter 2016/2017 sales: Thursday, July 20, 2017, after stock market
    close
  * Full Year 2016/2017 sales : Thursday, 19 October, after stock market close

www.compagniedesalpes.com

Since 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 MEUR.
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    +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

Thomas Marko & Associés:
Xavier YVON       +33.6 88 29 72 37    xavier.y@tmarkoagency.com

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23/04/2024 17:50

COMPAGNIE DES ALPES (EPA:CDA) - CDA - Disposal of the Fort Fun park in Germany

Transparency directive : regulatory news

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