Tourism: Compagnie des Alpes resumes its pre-Covid boom – 2022-12-06 at 10:12


(AOF) – Compagnie des Alpes announces that its net income group share, for the 2021/22 financial year ended September 30, 2022, amounts to 114.4 million euros against a loss of 121.7 million euros in 2020/21 and a positive result of 62.2 million euros in 2018/19, the last financial year not impacted by the consequences of the health crisis. The specialist in ski areas and leisure parks specifies that the gross operating surplus (OMDA) of the group amounts to 312.6 million euros for the financial year 2021/22, which represents an increase of 40.1 % compared to the 2018/19 financial year.

The specialist in ski areas and leisure parks affirms that the EBITDA margin rate in relation to turnover shows an increase and stands at 32.6% against 27.4% in 2018/19.

The group’s consolidated turnover for the 2021/22 financial year reached 958.5 million euros, up 17.8% compared to 2018/19 (restated for the exit of the Les 2 Alpes ski area), last fiscal year not impacted by the consequences of the health crisis.

“On a like-for-like basis and excluding non-recurring items, we expect revenue growth in line with our pre-Covid trajectory and a level of gross operating surplus close to that of fiscal year 2021-22, despite the impact of rising electricity costs,” said Dominique Thillaud, Chief Executive Officer. “At the next general meeting, we will propose the distribution of a dividend equal to 50% of our net profit, group share excluding non-recurring items,” he announced.

The Group will propose to the General Meeting of Shareholders on March 9, 2023 the distribution of a dividend of 0.83 euros per share, i.e. a yield per share of 6.7%, based on the closing price on September 30, 2022. of 12.34 euros.

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World tourism still on the rise

Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a strong level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations recorded notable increases in receipts, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.



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