SkiStar's Q3 sales rise less than expected; plans snow production investments

SkiStar AB

18/06/2026 06:10

Overview
Sweden mountain resort operator's Q3 sales rose 5% but missed analyst expectations
Q3 operating profit fell 8%, while adjusted operating profit was nearly flat yr/yr
Company sees 3% rise in winter 2026/27 booking volumes, plans major snow production investments

Outlook
Booking volumes for winter 2026/27 are up 3% year-on-year
Company plans significant investments in snow production ahead of winter 2026/27
SkiStar expects snow production upgrades to improve snow reliability and extend opening times

Result Drivers
SKIER DAYS - Co said Q3 benefited from an increase in skier days sold, supporting core operations
SNOW RELIABILITY INVESTMENTS - Investments in snow reliability and holiday experiences helped maintain stable operations, according to CEO Stefan Sjöstrand

Company press release: ID:nGNEfv0rH

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
SEK 1.44 bln
SEK 1.53 bln (3 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for SkiStar AB is SEK192.50, about 32.7% above its June 17 closing price of SEK145.10
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 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.)