Report
Aurelien Sivignon

Compagnie des Alpes : Résultats S1 largement supérieurs aux attentes nous amenant à fortement relever nos attentes de BPA – Surperformance vs Neutre

>Résultats S1 2021-22 déjà bien au-dessus de 2018-19, même hors one-off – Le levier financier retrouve un niveau plus qu’acceptable - Les résultats S1 de CDA ressortent largement supérieurs aux attentes et devraient inciter le consensus à relever significativement ses prévisions annuelles. Nous retenons : Pour un CA S1 déjà publié de 541 M€ en hausse de 16% en comparaison du S1 2018-19 (dernier exercice normalisé), l’EBITDA groupe progresse de 52% à 230 M€ alors ...
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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