Report
Aurelien Sivignon

Compagnie des Alpes : Feedback réunion analystes : une trajectoire de croissance très bien embarquée pour 2024 mais un levier toujours maigre sur le FCF

>Pas de ralentissement en vue et une guidance 2023/24 d’EBO somme toute assez prudente à ce stade. Néanmoins, le levier sur le FCF demeure faible - CDA a publié hier matin ses résultats 2022/23 (cf. lien de notre note d’hier). Le groupe organisait à cette occasion une réunion analystes. Nous retenons : 1/ Vers une croissance de nouveau soutenue en 2023/24. L’activité devrait restée très bien orientée dans les parcs de loisirs qui devraient bénéficier de l’effet moment...
Underlying
Compagnie des Alpes SA

Compagnie des Alpes SA is a France-based holding company active in the tourism and leisure industry in two distinct areas: the operation and maintenance of ski resorts and the operation of family leisure parks and attractions. It equips, maintains and operates ski resorts in the Alps region in France, Italy and Switzerland. Its activities include lift handling, trail maintenance, grooming and snowmaking, and operation of ticket booths. Compagnie des Alpes SA is active in the leisure park industry through its subsidiary, Grevin & Cie SA, which manages leisure sites in France, the Netherlands, Germany, Belgium, Switzerland and the United Kingdom. It offers three types of activities: theme parks, nature and animal parks, and tourist attractions. It operates in France, Switzerland, Germany, Belgium, Russia and Luxembourg. In April 2014, it sold 30% stake in Groupe Looping to HIG Capital France, and announced the agreement with MacEarth and the aquisition of 2.5% stake in the company.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Aurelien Sivignon

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