Compagnie des Alpes falls after in-line results and outlook, following strong YTD run

Compagnie des Alpes SA

21/05/2025 11:59

** Shares in Compagnie des Alpes CDAF.PA are down around 3%, reversing course after rising 3% at market open, after its H1 results and guidance hike matched market expectations

** The French operator of ski resorts and theme parks on Tuesday reported results for its H1, which ended on March 31, and raised its yearly EBITDA outlook, expecting 15% growth vs 10% seen earlier

** The outlook hike was expected, Portzamparc says; Midcap says results were also "perfectly in line with expectations"

** "Some may believe that there are no real catalysts in the short term or for the second half of the year," ODDO-BHF analyst Aurélien Sivignon says

** Portzamparc says later timing of Easter, contribution from Urban Group, acquired last year, and continued control of operating expenses will benefit the company's H2 performance

** Another analyst, who asked not to be named, says the reaction points towards profit-taking after a very good performance since January 1

** Up to Tuesday's close, the shares were up 18.3%​ YTD

 (Reporting by Johan Bodinier in Gdansk)

 ((Johangeorgesroger.bodinier@thomsonreuters.com))