Sweden · Delayed Price · Currency is SEK SkiStar AB Earnings Call Transcripts
Fiscal Year 2026
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Best-ever Q2 driven by record ski days, strong international demand, and robust revenue growth across all segments. Operating profit and cash flow improved, while warm weather and late Easter present short-term challenges. CapEx and sustainability investments remain a focus.
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Revenue grew 12% in the quarter, driven by retail and increased international guests, with 80% of beds booked for the season and strong financial flexibility. Operating margin remained stable at 17.1%, and CapEx rose due to winter investments. Guidance and outlook remain positive.
Fiscal Year 2025
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Operating margin rose to 16.9% and net debt/EBITDA improved to 1.5, with underlying revenue up 4.1% year-over-year. International guests now make up 40% of the customer base, and CapEx is set to increase to SEK 650–700 million next year, supporting further growth and guest experience investments.
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Q3 saw a decline in sales and profit due to late Easter and warm weather, but the last 12 months delivered 1.3% net sales growth and the second-best winter season ever. International guests rose 8%, and strong bookings and investments support a positive outlook, though the 18% margin target is unlikely this year.
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Record second quarter with 5% net sales growth and 13% higher operating profit, driven by strong demand, longer guest stays, and increased international spending. Investments in infrastructure and sustainability continue, though warm weather and project delays pose challenges.
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Q1 results were stable, with a 3% sales decline due to timing shifts but higher operating profit. Bookings for the main winter season are strong, international guests are increasing, and retail and sustainability initiatives are supporting growth.
Fiscal Year 2024
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Achieved 10% organic growth and a 16% operating margin, with record skier days and strong digital engagement. International guests rose 8%, driving higher average spend, and the balance sheet remains robust with a low net debt to EBITDA ratio.
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Q3 saw 5% organic growth and a record 6.1 million skier days, with strong international demand driving higher operating profit and margin. Winter bookings for next season are up 9%, CapEx is set at SEK 330 million, and the company remains focused on cost control, property development, and sustainability.