Report

Pierre & Vacances : ROC S1 sous les attentes, pénalisé par l’Immobilier et Village Nature. TP abaissé à 48€

>ROC S1 de -94.9M€ (vs. -81.9M€e) soit +1.1M€ yoy - Au titre du S1 (sept-mars), le groupe Pierre&Vacances publie des résultats inférieurs à nos attentes. Pour un CA déjà publié de 654.8M€ (+6.5% yoy), le ROC s’établit à -94.9M€, en amélioration yoy de 1.1M€, mais inférieur à nos attentes (-80.4M€e), avec le Tourisme à -86.4M€ et l’Immobilier à -8.5M€.Notamment après prise en compte d’un résultat financier de -8M€ (en ligne avec nos attentes), de -1.1M€ de one off...
Underlying
Pierre & Vacances SA

Pierre & Vacances is engaged in the market of local tourism by operating apartments and homes, or beds, located primarily in France (in mountain, seaside and countryside resorts, cities and the French West Indies), as well as in the Netherlands, Germany, Belgium, Italy and Spain. Co. develops its activities through two lines of business: the Property Development business (building and marketing of the residences and villages in France, Italy and Spain) and the Tourism business (operating and marketing of holidays in residences and villages under the Pierre & Vacances, Maeva, Adagio, Residences MGM, Hotels Latitudes, Center Parcs Europe and Sunparks brands).

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.

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch