COMPAGNIE DES ALPES (EPA:CDA) - CDA acquires Familypark
Transparency directive : regulatory news
20/03/2019 17:50
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Press release
Compagnie des Alpes acquires Familypark, the leading leisure park in Austria
Paris, March 20, 2019 - Compagnie des Alpes announces that it has closed the
acquisition of 100% of the shares in Familypark, the leading Austrian leisure
park. Located in the tourist region of Neusiedl Lake, less than one hour from
the centre of Vienna, Familypark is easily accessed from Hungary and Slovakia.
During the 2018 financial year, Familypark generated revenue of EUR19.1m with
EBITDA of EUR6.8m. It welcomed 716,000 visitors, of which around 30% were from
Hungary and Slovakia. It is a high-quality regional park, with infrastructure
and facilities that are matching the standards set by Compagnie des Alpes. Over
the last few financial years, it has benefited from a level of investment that
enables it to offer a product with all the intrinsic qualities of the group's
portfolio of sites.
Familypark has a good reputation and high satisfaction ratings, reflecting both
the quality of the asset and a positioning in line with Compagnie des Alpes'
strategy. It is located in a significant catchment area (7 million people less
than a 2-hour drive away) in a region where there are no direct competitors.
Moreover, the park has a real development potential given the 13 hectares of
adjacent land reserves.
The acquisition amount shows an enterprise value of EUR72.5m. Familypark will
be accounted for in the Leisure Destinations BU from 1 April and will be
accretive for the BU in terms of EBIDTA margin.
For Dominique Marcel, Chairman and Chief Executive Officer, "this acquisition
is perfectly in line with the strategy that the Group has deployed over several
years in our parks. It will reinforce the geographical coverage of our very
coherent park portfolio. We are, therefore, very pleased to welcome Familypark
amongst our sites.
In this context, the Group will continue its efforts to seize value-creating
acquisition opportunities".
Next publications:
Q2 2018/2019 sales: Thursday 18 April 2019, after stock market
closing
2018/2019 half-year results: Tuesday 21 May 2019, in the morning
Q3 2018/2019 sales: Thursday 18 July 2019, after stock market
closing
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.) and11 renowned leisure
destinations (Parc Astérix, Grévin, Walibi, Futuroscope, etc.), the company
is steadily expanding in Europe (France, the Netherlands, Belgium, etc.) and,
more recently, at the international level (Grévin Montréal in 2013,
Chaplin's World by Grévin Prague in April 2016, and engineering and
management assistance contracts (China, Russia, Georgia, Kazakhstan, Turkey,
Morocco, Japan)). CDA also owns stakes in 4 ski areas, including Chamonix.
During the financial year ended September 30, 2018, CDA facilities welcomed
nearly 23 million visitors and generated consolidated sales of 801.2 MEUR.
With nearly 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 and 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
Corpus:
Xavier YVON +33.6 88 29 72 37 xavier.yvon@corp-us.fr