Monday, July 23, 2018

Compagnie des Alpes Reports First 9 Months of 2017-2018 Results

Through the first 9 months of FY 2017-2018, consolidated sales for Compagnie des Alpes reached €648.9M, up by 6.1% on a restated basis and by 3.0% on a comparable scope basis.
Ski Area sales for the 3 rd quarter of FY 2017/2018 showed growth of 3.5% compared with the same period of the prior financial year, reaching €50.4M. This total includes the sale of a property in the 3rd quarter located in the Arcs ski resort, for €2.4M. If the impact of this sale were eliminated, sales would have been down slightly (-1.5%). As indicated previously, sales were penalized by the late positioning of the Easter school holiday and public transportation strikes, whereas in the 3 rd quarter of the prior FY the more favorable school holiday calendar led to sales growth in excess of 30%.
For the first 9 months of the financial year (i.e., more than 98% of the season), sales rose by 2.8% and, for ski lift ticket sales alone, the increase was +2.0%. The increase in the latter was driven by growth, for the third year in a row, in the number of visitors to the Group’s ski areas, as well as by an increase in the number of skier days (+0.7%) and in the average price per skier day (+1.3%). These performances were achieved despite weather conditions that were occasionally extreme (storms, cold temperatures, violent winds, high precipitation, rain), acting as a drag on resort operations that led to numerous days of full or partial closure of ski runs and lifts.

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, 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, 2017, CDA facilities welcomed nearly 23 million visitors and generated consolidated sales of €762.3 million. 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.