Pierre & Vacances : Q4 sales in line with forecasts. Full-year targets maintained
>Accommodation revenues up 2.6% in Q4. FY sales in line with expectations - P&V has published FY 2023-24 revenue of € 1,913m, stable y-o-y and in line with our expectations (ODDO BHF: €1,912.4m) including a Tourism revenue up 3.7%. Accommodation revenue (73% of consolidated sales) came in up 2.6% y-o-y (mainly driven by the 2.3% increase in average sale price). In Q4 alone, group revenues were up 0.6% y-o-y to € 644.2m (ODDO BHF: € 643.6m). Q4 Accommodation revenue c...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.
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