Pierre et Vacances: a loss of 20 million euros in 2023

(AOF) – Pierre et Vacances recorded a loss of 20.6 million euros for its 2023 financial year compared to a profit of 325 million euros the previous year. The specialist in holiday villages and tourist residences revealed a turnover from tourist activities of 1.742 billion euros, up 12.8% compared to 2022 and 27.6% compared to 2019. The group’s adjusted Ebitda amounts to 137 million euros, an increase of 30% compared to the 2022 financial year and 74% compared to the 2019 financial year.

As of September 30, 2023, the group recorded cash flow of 468.8 million euros.

Building on this good dynamic, and in view of the portfolio of tourist reservations to date which already offers good visibility over the first half of the year, the group forecasts for the 2024 financial year an adjusted Ebitda of between 145 million euros and 150 million euros. euros.

Pierre et Vacances will update its previously communicated financial objectives for the 2025 and 2026 financial years during a Capital Market Day in the coming months.

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