Compagnie des Alpes jumps to 21-mth highs after guidance hike

Compagnie des Alpes SA

24/05/2024 08:41

** Shares in Compagnie des Alpes  CDAF.PA  rise 7% after the
French operator of ski resorts and theme parks doubled its FY
EBITDA growth guidance to 15% from 7% previously 
    ** "The new guidance remains very conservative," says
Jefferies, adding it believes the company should post an
increase in EBITDA of close to 20%
    ** Portzamparc says the company benefits from significantly
lower energy costs in Q2
    ** The group says it is now totally de-risked until the end
of 2027, with fixed energy prices tending towards
pre-conflict/pre-COVID MWh prices
    ** Jefferies adds that next ski season's further significant
price increase and Urban Soccer will make a full-year
contribution to earnings
    ** Including Friday's rise, the stock has gained about 12.4%
YTD
    ** They touch their highest price since end-Aug 2022​

 (Reporting by Dimitri Rhodes)
 ((Dimitri.Rhodes@thomsonreuters.com))