Compagnie des Alpes : Q3 flat as expected, FY guidance confirmed
>Q3 unsurprisingly hit by weather conditions in leisure parks - CDA published yesterday evening Q3 revenues in line with our expectations at € 215m (vs. € 216m est), flat YoY. By business unit our takeaways are: 1/ for Ski Resorts (21% of Q3 revenues), revenues were up 2% in Q3 to € 46m, with the rise in ski pass prices offsetting a negative calendar effect on volumes (Easter weekend in Q2). Over the first nine months of the year, revenues remained on an uptrend, up ...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.
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