Brief: Pierre Et Vacances H1 Revenue Up At EUR 636.7 Mln

Pierre Et Vacances SA

19/04/2022 17:51

April 19 (Reuters) - Pierre et Vacances SA  PVAC.PA :
    * REVENUE IN FIRST HALF OF 2021/2022 TOTALLED EUR 636.7
MILLION
    * FURTHER MOMENTUM IN H1 2021/2022 ACCOMMODATION REVENUE
GROWTH
    * UP SHARPLY RELATIVE TO H1 2020/2021 (X3.6) AND MORE THAN
7.5%
HIGHER THAN IN H1 2018/2019
    * COMPARED WITH FIRST HALF OF 2018/2019 ( REFERENCE PERIOD
NOT
AFFECTED BY PANDEMIC), GROUP RECORDED AN INCREASE IN
ACCOMMODATION REVENUE 7.5% HIGHER THAN PRE-CRISIS LEVEL
    * CURRENTLY EXPECTING: FURTHER GROWTH IN PERFORMANCES BY
CENTER
PARCS EUROPE, WITH REVENUE GROWTH LIKELY TO EXCEED LEVEL SEEN IN
Q2
    * FINANCIAL TARGETS OF REINVENTION PLAN: GROUP AND INVESTORS
ARE
CURRENTLY WORKING ON UPDATING FINANCIAL TARGETS OF REINVENTION
2025 PLAN, TO  BE COMMUNICATED SOON
    * EXPECTING  GROWTH IN REVENUE AT PIERRE & VACANCES,
ADJUSTED FOR
DECLINE IN SUPPLY OF ACCOMMODATION (AROUND 20% LOWER THAN IN
2018/2019)

Source text for Eikon:  ID:nBw1M40vya 
Further company coverage:  PVAC.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587696600;))