Brief: Pierre & Vacances-Center Parcs Raises Its 2022/2023 Guidance

Pierre Et Vacances SA

25/05/2023 07:52

May 25 (Reuters) - Pierre et Vacances SA  PVAC.PA :
    * PIERRE & VACANCES-CENTER PARCS: 2022/2023 FIRST HALF
RESULTS
    * OPERATING CASH FLOW GENERATION OF MORE THAN EUR 50 MILLION
(VERSUS. EUR 37 MILLION)
    * CONFIRM UPGRADE TO ITS FINANCIAL FORECASTS FOR 2022/2023
    * ADJUSTED GROUP EBITDA OF MORE THAN EUR 130 MILLION
(VERSUS. EUR
105 MILLION)
    * OUTLOOK: GROUP CURRENTLY EXPECTS FURTHER GROWTH IN REVENUE
COMPARED WITH SECOND HALF OF 2021/2022
    * OUTLOOK: UPWARD REVISION TO FINANCIAL FORECASTS FOR
2022/2023
    * OUTLOOK: REVENUE FROM TOURISM BUSINESSES OF MORE THAN EUR
1,700M
(VERSUS. EUR 1,660M PREVIOUSLY10)
    * H1 NET LOSS EUR 93.1 MILLION VERSUS LOSS EUR 92.4 MILLION
YEAR
AGO
    * OUTLOOK: ADJUSTED GROUP EBITDA OF MORE THAN EUR 130
MILLION
(VERSUS. EUR 105 MILLION)
    * OUTLOOK: OPERATING CASH FLOW GENERATION OF MORE THAN EUR
50
MILLION (VERSUS. EUR 37 MILLION)
    * GROUP HAD A NEGATIVE NET DEBT POSITION, GENERATING CASH OF
EUR
405.7 MILLION ON 31 MARCH 2023

Source text for Eikon:  ID:nBwb6jBV6a 
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