Pierre et Vacances
Center Parcs Group
uw code: www.centerparcs.nl/
vrijdag 13 december 2013
Results for the year ending 30 September 2013
2012/2013: A return to operating profitability for the Group
- Tourism: resilient turnover in a declining market and savings plan implemented as announced
- Property development: in line with targets, sharp growth in property reservations securing turnover for future years.
Execution of WIN2016 programme currently underway, confirmation of underlying operating margin target of 5-6% for 2015/2016
Turnover reflecting good resistance by tourism businesses.
Sharp growth in property reservations
2012/2013 tourism turnover totalled €1,137.0 million, up 0.8% relative to the previous year and
testifying to the resilience of the Group's business in a general backdrop of lower consumer spending
in the tourism industry.
Accommodation turnover rose 0.8% to €753.4 million and was driven by both an increase in the number of nights sold (0.4%) and a slight improvement in net average letting rates (0.3%).
Occupancy rates rose in both divisions (Pierre & Vacances Tourisme Europe and Center Parcs Europe), with average growth of 2.6%.
Turnover generated by international clients rose by 5.2%, accounting for 53% of the Group's accommodation turnover in 2012/2013.
- Pierre & Vacances Tourisme Europe reported turnover of €598.6 million during the period, including €406.9 million in accommodation turnover, up 0.5%.
Turnover grew in all destinations (cities, mountain, Spain, French West Indies), with the exception of
French coastal resorts, which suffered from a negative supply effect (disposal of Maeva Village in the
Camargue and a decline in the number of marketed apartments), and particularly disadvantageous
weather conditions during the third quarter of the year.
- Center Parcs Europe reported turnover of €538.4 million, including €346.4 million in accommodation turnover, up 1.1% on a like-for-like basis.
Growth was driven by the German, Belgian and Dutch villages, while the French villages showed a decline in turnover primarily due to the Domaine du Lac d’Ailette (lower seminar sales in particular).
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