SKIS B Skistar Ab

Additional employee representative appointed to SkiStar's board of directors

Additional employee representative appointed to SkiStar's board of directors

Eric Wikman has been appointed as employee representative of Unionen in the Board of Directors of SkiStar AB, effective from 7 February 2024. Following this, SkiStar's Board of Directors includes – in addition to the seven members appointed by the general meeting of shareholders – two employee representatives appointed by Unionen respectively Hotell- och Restaurangfacket.

This information was submitted for publication, through the agency of the contact persons set out below, at 8 February 2024, 07.00 a.m. CET.

Further information can be reached from:

Stefan Sjöstrand, CEO, tel +46 (0)280 841 60.

Martin Almgren, CFO, tel +46 (0)280 841 60.

SkiStar in brief

SkiStar AB (publ) is listed on the Mid Cap list of the Nasdaq Stockholm exchange. The Group owns and operates mountain resorts in Sälen, Vemdalen, Åre and Stockholm (Hammarbybacken) in Sweden and in Hemsedal and Trysil in Norway. Operations are divided into three segments: Operation of Mountain Resorts, Property Development & Exploitation and Operation of Hotels. As the leading holiday tour operator for Scandinavia, SkiStar’s business concept is to create memorable mountain experiences, develop sustainable destinations, offer accommodation, activities, products and services of the highest quality with our guests in focus. For further information, please visit /en/corporate.

Attachment



EN
08/02/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Skistar Ab

ABGSC Consumer Goods Research ... (+3)
  • ABGSC Consumer Goods Research
  • Benjamin Wahlstedt
  • Fredrik Ivarsson
ABGSC Strategy Research ... (+3)
  • ABGSC Strategy Research
  • Amanda Alla
  • Christer Linde

Two week agenda 31 March-11 April

Nordic reports: Dustin, Stolt-Nielsen, Industrivarden, Atrium Ljungberg, Europris, Tryg

ABGSC Consumer Goods Research ... (+3)
  • ABGSC Consumer Goods Research
  • Alice Beer
  • Benjamin Wahlstedt
Karl-Johan Bonnevier
  • Karl-Johan Bonnevier

Skistar (Buy, TP: SEK193.00) - Monetising high-season demand

Q2 showed solid execution in the core Ski Operations, with international demand driving SkiPass revenue (+11% YOY FX-adj.). With the late Easter this year, pre-bookings are down 5% YOY, albeit still supporting an outlook for a record high-season 2024/25. We have raised our 2024/2025–2026/27e EBIT for Ski Operations by 2–5%. We like SkiStar’s operating model, pricing power, and positive market trends. We reiterate our BUY and have raised our target price to SEK193 (185).

ABGSC Consumer Goods Research ... (+3)
  • ABGSC Consumer Goods Research
  • Alice Beer
  • Benjamin Wahlstedt

ResearchPool Subscriptions

Get the most out of your insights

Get in touch