Pierre & Vacances : Dynamic activity continuing in Q1, a positive outlook for Q2
>Q1 tourism revenues up 5.9% to € 363.7m (€ 365m est) - P&V reported Q1 2023-24 revenues a shade below forecasts, at € 394.1m up +0.9% y-o-y (ODDO BHF: € 408.3m est.; the gap with our forecasts is due to a lower contribution than expected from real estate), of which tourism revenues (92% of consolidated sales) up 5.9% at € 363.7m (ODDO BHF: € 365m est.). For Q1, accommodation revenues came to € 287.2m, +5.4% y-o-y (after +4.8% in Q4 22), of which a price effect of +5%...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).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.