Center Parcs Bungalowparken: Nieuws, Acties, Aanbiedingen en kortingen

dinsdag 12 december 2023

Huge improvement in 2023 operating performance compared with 20222 and 2019

  •  The Group’s 2022/2023 operating performances reached record high levels, above its financial guidance revised upwards on 18 April, with:
    • Revenue from the tourism businesses of €1,742 million (initial guidance1 at €1,660 million, revised in April 2023 for more than €1,700 million), up 12.8% relative to 2022 and 27.6% compared with 2019 (pre-Covid reference year).
    • Group adjusted EBITDA2 of €137 million (initial guidance3 at €105 million, revised in April 2023 for more than €130 million), up 30% compared with 20224 and 74% compared with 2019.
    • Operating cash flow generation5 of €56 million (initial guidance3 at €37 million, revised in April 2023 for more than €50 million).
  • A year after the completion of financial and capital restructuring operations, the Group is deeply transformed and executing its ReInvention strategy with convincing results:
    • Financial performances ahead of the plan’s targets, with margin growth at all brands.
    • A high quality and coherent offer in terms of products, services and customer experience.
  • In view of this robust momentum and the portfolio of tourism bookings to date, which already offers good visibility on the first half of the year, the Group expects 2023/2024 adjusted EBITDA of between €145 million and €150 million.

Franck Gervais, CEO of the Pierre & Vacances-Center Parcs Group, stated:

“A year after its financial and capital restructuring, the Pierre & Vacances-Center Parcs Group has generated record high results, with a recovery in margins in all brands and high conversion of operating profitability into cash. We are successfully implementing our ReInvention strategy, which is ambitious in terms of the quality of our offer, and strict in terms of the operating execution of our plan.

The Group is ahead of its roadmap, driven by motivated teams, whom I thank wholeheartedly.

Our transformation is continuing to gain momentum and for 2023/2024, I remain confident in the Group’s ability to deliver its medium-term targets, while taking macro-economic uncertainty into consideration”.

Bron en hele artikel: Business Wire

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