Corrected: French tourism group Pierre & Vacances' FY revenue up on accommodation, supplementary income

Pierre Et Vacances SA

22/10/2026 16:56

Corrects revenue growth in Overview to 3.4% from 2.7%; removes revenue bullet from Outlook and adjusted EBITDA from the table

Overview
France tourism group's FY 2025/2026 revenue rose 3.4% to €1.93 bln
Tourism business revenue grew 5.5% year-over-year, driven by accommodation and supplementary income
Adjusted EBITDA expected at €185 mln, in line with company guidance and up from prior year

Outlook
Company expects FY2025/2026 adjusted EBITDA of around €185 mln
Tourism reservations for Q1 2026/2027 are higher year-on-year across all brands

Result Drivers
SUPPLEMENTARY INCOME - Growth in supplementary income, particularly from maeva&co following the takeover of Camping Paradis and Ushuaïa Villages, contributed to higher tourism revenue
HIGHER OCCUPANCY AND RATES - Revenue growth was supported by a 3.1% increase in nights sold and a 0.8% rise in average letting rates, despite VAT hikes in the Netherlands and Belgium
EXPANSION AND PARTNERSHIPS - New openings, partnerships, and acquisitions, including the Swisspeak Resorts partnership, new hotels in Spain and Portugal, and Adagio's agreement with Sergic, supported revenue growth

Company press release: ID:nBw4hBlvta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
EUR 1.93 bln
EUR 2.02 bln (2 Analysts)
     

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"
Wall Street's median 12-month price target for Pierre et Vacances SA is €2.15, about 14.2% above its October 21 closing price of €1.88
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)