Report
Hela Zarrouk ...
  • Johanna Jourdain

Pierre & Vacances : Dynamic tourism activity in Q1 driven by Center Parcs – Positive outlook for Q2

>Q1 revenue of € 375m, -4.6% y-o-y (ODDO BHF: € 381m est.), with tourism accommodation revenues up +6.8% on a like-for-like basis - P&V reported Q1 2019-20 (October- December) revenues of € 375m (-4.6% reported), slightly undershooting our estimate of € 381m est. By division, we note: Tourism revenues (75% of group revenues) grew 14.2% to € 281.9m (ODDO BHF: € 256.7m est.), with accommodation revenues of € 191.9m, up 6.8% l-f-l (+13.1% reported), with: i/ at Pie...
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.

Analysts
Hela Zarrouk

Johanna Jourdain

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