Brief: Pierre Et Vacances H1 Revenue Up At EUR 715.4 Mln

Pierre Et Vacances SA

31/05/2022 07:24

May 31 (Reuters) - Pierre et Vacances SA  PVAC.PA :
    * SEES Q3 GROWTH IN REVENUE AT PIERRE & VACANCES IN FRANCE,
ADJUSTED FOR DECLINE IN SUPPLY OF ACCOMMODATION (AROUND 20%
LOWER THAN IN 2018/2019)
    * SEES FURTHER GROWTH IN PERFORMANCES BY CENTER PARCS
EUROPE, WITH
Q3 REVENUE GROWTH LIKELY TO EXCEED LEVEL SEEN IN Q2 
    * H1 REVENUE 715.4 MILLION EUR
    * OUTLOOK FOR 2021/2022 REVISED UPWARDS AND CONFIRMATION OF
STRATEGIC DIRECTIONS OF REINVENTION PLAN
    * H1 ADJUSTED EBITDA: +89% VERSUS 2019 (+21% EXCLUDING
NON-RECURRING INCOME)
    * ON 31 MAY 2022: OVERALL ACCEPTANCE RATE (FOR ALL
AMENDMENTS)
STOOD AT 81%.
    * H1 2022 NET RESULT: +24% VERSUS 2019
    * H1 ADJUSTED EBITDA STOOD AT -EUR 8.8 MILLION, A
SUBSTANTIAL
IMPROVEMENT ON LOSS RECORDED IN H1 2020/2021 (-EUR 286.1
MILLION) WHEN HEALTH CRISIS WAS STILL PREVAILING, AND HIGHER
THAN H1 2019 EBITDA.
    * BUSINESS GROWTH CONTINUES IN 4TH QUARTER, WITH
PERFORMANCES
EXPECTED TO BE HIGHER THAN Q4 2019
    * H1 OPERATIONAL REPORTING REVENUE EUR 715.4 MILLION, UP 141
%

Source text for Eikon:  ID:nBwb5gM5ya 
Further company coverage:  PVAC.PA 

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