(Boursier.com) — Pierre and Holidays climbed more than 8% to 1.68 euro on Friday, while the broker Oddo BHF raised its price target on the file from 1.35 to 1.95 euro with a notice to ‘outperform’. In Q1 2022/2023, despite macro-economic tensions, revenue from tourism activities showed very strong momentum, with growth of +19.4% compared to the first quarter of 2021/2022 which still had been affected by an uncertain health context. This activity is in line with the objectives for the period and strengthens the group in the pursuit of its action plans…
Accommodation revenues amounted to 272.4 million euros in the 1st quarter of 2022/2023, up 19.6% compared to the same quarter of the previous financial year, after an increase of +15, 9% recorded during the summer season.
The dynamism of the activity concerns all the brands…
Portzamparc spoke of a publication “significantly superior to its expectations, in particular on tourist activities”. The analyst underlined on this occasion a continuation of the dynamic at ‘Center Parcs’ with a mix of +9.3% in number of nights sold and a price effect of +6.4%. Portzamparc also underlined the clear acceleration of Adagio (Sales 55.3 ME +50.7%). An excellent publication, while the management speech evoked a continuation of this growth dynamic in Q2… The analyst is buying, targeting a course of 2.10 euros.
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