Brief: SkiStar Sees Strong Demand For Mountain Holidays Ahead Of 2023/24 Season

SkiStar AB

20/06/2023 06:09

June 20 (Reuters) - SkiStar AB  SKISb.ST :
    * REVIEW OF COSTS IS IN PROGRESS
    * WILL INVEST A FURTHER SEK 120 MILLION FOR WINTER SEASON
2023/24
IN AN EXPRESS LIFT AND A TOW LIFT IN SOUTHERN LINDVALLEN, SÄLEN
    * STRONG DEMAND FOR MOUNTAIN HOLIDAYS AHEAD OF 2023/24
SEASON
    * BOOKING RATE FOR MOUNTAIN HOLIDAYS OF +5 PERCENT COMPARED
TO
SAME PERIOD OF PREVIOUS YEAR
    * LOWER OPERATING PROFIT IN QUARTER IS MAINLY DRIVEN BY A
DECLINE
IN REVENUE AND ONE-OFF COSTS
    * ONE-OFF EFFECTS OF SEK 48 (0) MILLION, MAINLY ATTRIBUTABLE
TO
WRITE-DOWNS AND COSTS LINKED TO REORGANISATION THAT WILL BE
IMPLEMENTED DURING THE NEXT FINANCIAL YEAR
    * ASSESSMENT IS THAT ONLY INSIGNIFICANT RESTRUCTURING COSTS
WILL
BE INCURRED IN THE COMING QUARTERS
    * Q3 OPERATING PROFIT, ADJUSTED FOR ONE-OFF COSTS AND
CAPITAL
GAINS, AMOUNTED TO SEK 400 (496) MILLION, A DECLINE OF SEK 96
MILLION (19 PERCENT) COMPARED WITH SAME PERIOD OF PREVIOUS YEAR

Source text for Eikon:  ID:nGNEbM2gw3 
Further company coverage:  SKISb.ST 

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