France · Delayed Price · Currency is EUR Pierre et Vacances Earnings Call Transcripts
Fiscal Year 2026
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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
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Revenue and EBITDA grew year-over-year, 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 reinvestment remain priorities.
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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
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Positive net income achieved for the first time in 13 years, with revenue up 3.7% and EBITDA margin at 9.1%. All business lines are profitable, net debt is negative, and 2026 guidance is confirmed, supported by strong cost control and investment in product quality.