Pierre & Vacances : Credible 2028 targets supported by cost savings and top-line growth
>Revenues expected to grow by +4%/year supported by a price effect, volumes and an extension of the offering - The group held a CMD yesterday during which management gave a recap on the main thrusts of its 2028 strategic plan. As regards the top line, growth in tourism revenues is expected to be around 4%/year, reaching € 2,130m in 2028, mainly driven by: 1/ growth in accommodation revenues (which represent 2/3 of tourism revenues, and which are set to grow by 3.6%/ye...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).
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