SnowNews

Drop in Turnover at French Ski Company

Turnover at French ski business, the Compagnie des Alpes has dropped 1.5% to 372.3 millions Euros over the last 12 months. Over the last quarter has seen sales drop by 0.6% to 77.9 million Euros. However the part of the business linked to ski domains remains dynamic with a growth of 5.1%. The growth was impressive for the resorts of les Arcs (+11 %), Peisey-Vallandry (+15 %) and La Plagne (+7 %) which have benefitted from the creation of the huge Paradiski ski area. Courmayeur, Les Menuires and Samoëns also posted good results.

The CdA has diversified out of winter sports domains in recent years and It seems to be the family theme park activities that dragged the results town. These account for 34% of the business and contracted by 1%. CdA says poor summer weather and difficult economic conditions over last summer was partly to blame. The German and Belgium sites contracted by 11%. CdA will pay 0.8 Euros per share in December.

www.compagniedesalpes.com

posted by davidof @ 10:40 AM