France · Delayed Price · Currency is EUR Pierre et Vacances Earnings Call Transcripts
Fiscal Year 2026
-
Revenue and adjusted EBITDA rose year-over-year, with strong local tourism demand and robust cash position. VAT hikes in the Netherlands and Belgium impacted results, but full-year EBITDA guidance is confirmed. Strategic initiatives, digital innovation, and brand empowerment are driving growth.
-
The meeting highlighted strong financial growth, robust cash flow, and a successful debt restructuring. Strategic priorities include sustainability, digitalization, and asset-light expansion, with all resolutions approved and no dividend proposed to prioritize reinvestment and financial strength.
Fiscal Year 2025
-
Revenue and EBITDA grew in FY 2025, with strong cash flow, improved margins, and positive net income. Customer satisfaction and inventory expanded, while cost savings and premiumization drove performance. Strategic review and robust bookings support a positive outlook.
-
H1 revenue declined slightly due to calendar effects, but strong bookings and cost control support full-year EBITDA guidance above €180 million. Renovations, asset-light expansion, and improved customer satisfaction drive growth, with net financial debt expected to turn negative by year-end.
Fiscal Year 2024
-
Positive net income achieved for the first time in 13 years, with revenue and EBITDA both rising year-over-year. Debt was fully repaid, resulting in a positive net cash position, and all business lines are now profitable. 2026 and 2028 guidance targets remain on track.