Compagnie des Alpes : Solid Q4 results which conclude an excellent year
>Q4 sales better than expected in all parks - CDA published yesterday evening a Q4 revenue c4% higher than expectations at € 261m (+13% and +8% l-f-l). Over the financial year, sales are therefore very good with an increase of 10% (+9% l-f-l). Key points to note by division: 1/ Leisure Parks (91% of Q4 revenue and 46% of FY revenue) have driven growth in Q4 (the most contributing quarter for the BU) with an increase of 13% in revenue and 8% l-f-l, knowing that Urban ...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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