Brief: Pierre Et Vacances H1 Net Loss Widens To EUR 342 Mln

Pierre Et Vacances SA

03/06/2021 10:55

June 3 (Reuters) - PIERRE ET VACANCES SA  PVAC.PA :
    * H1 NET LOSS -342 MILLION EUR VERSUS -145.8 MILLION EUR
LOSS YEAR
AGO
    * PROSPECTIVE REVENUE FROM TOURISM BUSINESSES OF EUR 1.838
BILLION
IN 2025 (EUR 1.587 BILLION IN 2023), UP BY EUR 473 MILLION
RELATIVE TO 2019
    * H1 REVENUE EUR 297.2 MILLION VERSUS EUR 696.0 MILLION YEAR
AGO
    * TARGET GROUP EBITDA OF EUR 275 MILLION IN 2025 (EUR 146
MILLION
IN 2023)
    * ONGOING COVID-19 PANDEMIC AND ENSUING RESTRICTIVE MEASURES
TOOK
A HEAVY TOLL ON GROUP'S ACTIVITIES DURING H1
    * H1 EBITDA LOSS EUR 286.1 MILLION
    * GROUP HAS CALLED ON FRENCH GOVERNMENT FOR COMPENSATION IN
REFERENCE TO MEASURES ADOPTED CONCERNING SKI-LIFTS IN SKI
STATIONS
    * H1 NET FINANCIAL EXPENSES TOTALLED €13.1 MILLION, HIGHER
THAN
THE LEVEL IN H1 2019/2020

Source text for Eikon:  ID:nBw9H3ftWa 
Further company coverage:  PVAC.PA 

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