Pierre & Vacances : Successful execution of strategic plan – Positive momentum set to continue over the short term – Attractive valuation
>Tangible results linked to the successful execution of the strategic plan - At its investor presentation yesterday, the group’s management reiterated its financial targets for 2026 and reviewed progress to date on its strategic plan. As a reminder, the plan is based on boosting the topline by renovating and upgrading the entire portfolio (to date, 97% of the Center Parcs portfolio has been renovated, with 24% VIP cottages and 40% Premium cottages), as well as streaml...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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