Compagnie des Alpes jumps as full-year update calms weather fears
BUZZ-Compagnie des Alpes jumps as full-year update calms weather fears ** Shares in Compagnie des Alpes CDAF.PA rise over 7% after the French operator of ski resorts and theme parks publishes a "reassuring" full-year update after a difficult end to the season, hampered by further heatwaves
** Annual sales came in at €1.43 billion, up 2.6% yoy
** The company also raises its EBITDA guidance for 2025/2026, now expected at around 6%, excluding capital gains from the sale of fixed assets in Tignes
** TP ICAP Midcap deems the update "reassuring for the time being", noting strong growth in mountain activities (+52.5% yoy) and the company's positive language on targets
** Portzamparc raises to "buy" from "accumulate" as "good management makes up for the weather", says Halloween is well on track, as are already-marketed Christmas corporate events
** Shares are on track for their best day since July 2025, if gains hold, but still down 25.55% YTD
(Reporting by Olivier Cherfan)