The Covid-19 pandemic and the restrictive measures necessary took a heavy toll on the Group’s activities during 2019/2022 and 2020/2021. In this context, an amicable conciliation procedure was opened on 2 February 2021 with the aim of reaching friendly solutions with the Group’s main partners, specifically creditors and lessors, under the supervision of the conciliators.
- 2021/2022 operational performances* ahead of the pre-crisis levels and the last outlook provided on 2 August 2022
- Revenue from tourism activities: +13.1% relative to 2018/2019
- Adjusted EBITDA1 excluding the benefits of non-recurring items: €105 million (vs €96 million according to the last outlook provided on 2 August 2022 and €79 million in 2018/2019)
- Gross cash: €470 million on 30 September 2022 (vs €451 million according to last outlook provided on 2 August 2022)
- Capital and financial restructuring operations completed
- Recapitalisation: +€755 million, bringing shareholders’ equity to €241 million* on 30 September 2022
- Debt reduction: €(715) million, reflected by a negative net debt of €(67) million* on 30 September 2022
- New shareholding structure and governance entirely renewed
- Reinvention strategic plan: a first year of execution with tangible results
- Continuation of the plan to renovate sites and premiumise the offer, initiatives taken to overhaul the customer journey, digitalisation of the experience and sales strategy
- Launch of many projects aimed at reducing structural costs
- Roll-out of a new cash/ROI-focused corporate culture
Bron en hele artikel: Business Wire
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