Brief: Pierre Et Vacances Sa Raises Financial Guidance For 2022/2023

Pierre Et Vacances SA

18/04/2023 22:44

April 18 (Reuters) - Pierre et Vacances SA  PVAC.PA :
    * FIRST HALF 2022/2023 REVENUE
    * GROUP HAS RAISED ITS FINANCIAL GUIDANCE FOR 2022/2023
FINANCIAL
YEAR
    * OUTLOOK: REVENUE FROM TOURISM BUSINESSES OF MORE THAN EUR
1,700M
(VERSUS. EUR 1,660M PREVIOUSLY)
    * REVENUE FROM TOURISM BUSINESSES OF MORE THAN EUR 1,700M
(VERSUS.
EUR 1,660M PREVIOUSLY).
    * OUTLOOK: ADJUSTED GROUP EBITDA2 OF MORE THAN EUR 130M
(VERSUS.
EUR 105M)
    * OUTLOOK: OPERATING CASH FLOW GENERATION3 OF MORE THAN EUR
50
MILLION (VERSUS. EUR 37 MILLION)
    * ADJUSTED GROUP EBITDA OF MORE THAN EUR 130M (VERSUS. EUR
105M)
    * OUTLOOK: GROUP IS CONFIDENT IN ITS ABILITY TO DELIVER ITS
GUIDANCE, WHILE REMAINING CAUTIOUS IN A CHANGEABLE AND UNCERTAIN
CONTEXT, AND REMAINS FULLY MOBILISED IN TERMS OF OPERATING
PERFORMANCE AND COST CONTROL
    * PIERRE & VACANCES-CENTER PARCS GROUP GENERATED GROWTH OF
20% IN
REVENUE1 FROM ITS TOURISM ACTIVITIES DURING FIRST HALF OF
2022/2023
    * REVENUE FOR FIRST HALF OF 2022/2023 TOTALLED EUR 741.8
MILLION,
COMPARED WITH EUR 636.7M IN H1 2021/2022

Source text for Eikon:  ID:nBwfV0S2a 
Further company coverage:  PVAC.PA 

 ((Reuters.Briefs@thomsonreuters.com;))