COMPAGNIE DES ALPES (EPA:CDA) - CDA - Q3 sales of FY 2016/2017

Transparency directive : regulatory news

20/07/2017 18:00

Press release

            CONSOLIDATED SALES FOR THE FIRST 9 MONTHS OF FY 2016/2017

              SALES UP BY 7.5%, BOOSTED BY VERY DYNAMIC 3RD QUARTER

Paris, July 20, 2017 - Compagnie des Alpes announces consolidated sales for
the first 9 months of financial year 2016/2017 totaling EUR612.7 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 EUR thousands)
                         2016/2017           2015/2016          Change on a
                      Comparable scope*   Comparable scope*  comparable basis*

Total sales, of which:    612 677              569 862            +7.5%
- Ski Areas               420 080              402 247            +4.4%
- Leisure Destinations    182 668              162 340           +12.5%
- Group Development         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 3rd quarter of
2016/2017.

Ski Areas: skier days on the rise for the 2nd year in a row

Ski Area sales for the 3rd quarter increased significantly (by more than 30%)
to EUR 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 3rd quarter

For the first nine months of the year, sales increased by 4.4% compared to the
same period last year, reaching EUR420.1 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 2nd year 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 4th quarter 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 start

Leisure Destination sales for the 3rd quarter rose by more than 16% on a
like-for-like basis, reaching EUR99.7 million. All of the Group's sites
contributed to this dynamic performance, notably Parc Astérix, Futuroscope,
and Walibi Rhône-Alpes.

This performance is partly attributable to a positive base effect, as the 3rd
quarter 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 EUR182.7 million. This increase was driven by a significant 10.8%
increase in attendance combined with a controlled price effect of 1.7%.

The 4th quarter 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 4th quarter 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 Beijing

The Group's development business continued to expand significantly, reaching
EUR9.9 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

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

Consolidated sales for the Group, October 1, 2016 through June 30, 2017

                               Comparable scope*           Current scope
(In thousands of EUR)      FY         FY     Change    FY        FY     Change
                        2016/2017 2015/2016         2016/2017 2015/2016
First quarter:
Ski Areas                66 200     65 400   +1.2%    66 200   65 400    +1.2%
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:
Ski Areas               303 555    298 348   +1.7%   303 555  298 348    +1.7%
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:
Ski Areas                50 325     38 499  +30.7%    50 325   38 499   +30.7%
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 3rd quarter
Ski Areas               420 080    402 247   +4.4%   420 080  402 247    +4.4%
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 3rd quarter of
2016/2017.

COMPAGNIE DES ALPES's latest news

23/04/2024 17:50

COMPAGNIE DES ALPES (EPA:CDA) - CDA - Q3 sales of FY 2016/2017

Transparency directive : regulatory news

COMPAGNIE DES ALPES's latest news

Other stories