Report
Aurelien Sivignon

Compagnie des Alpes : Relèvement de la guidance en ligne avec nos attentes avec un potentiel pour faire encore mieux

>Solide niveau de rentabilité au S1 - Pour un CA (déjà publié), en croissance de 12% y-o-y à 761 M€, l’EBITDA S1 de CDA ressort en hausse de 19% y-o-y à 277 M€ (vs 272 M€e) traduisant une marge de 36.3% (+2 pts y-o-y), bénéficiant de la baisse des dépenses d’énergie (-10%) alors que la hausse des Opex reste parfaitement maîtrisée (+9%). Par division : i/ l’EBITDA des Domaines skiables s’élève à 254 M€ en hausse de 22% y-o-y avec une marge de 51% (+3.3 pts y-o-y) qui a...
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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