Compagnie des Alpes reports growth and investment success

Parc Astérix

Compagnie des Alpes have released their fourth quarter results for the financial year 2017/18.

The group, which has a business split between ski resorts and leisure parks, reported positive results across both areas.

Leisure Destinations compagnie des alpes logo

CDA’s leisure park portfolio includes the Walibi and Aqualibi brands, Park Asterix, Futuroscope and Grevin. Leisure Destination sales account for 40% of annual revenue. Sales rose by 3.2% during the 4th quarter of financial year 2017/2018, reaching €141.3m.

Leisure Destination sales rose by 4.3% across the whole financial year, reaching €339.9 M. Increase was fuelled by steady growth in spend per guest (+3.0%). “In Park” spending has increased by nearly 44% over the last five years.

Restaurant-related activities fuelled growth, as well as an increase in sales related to accommodation. This was driven by the partial opening of a new hotel at Parc Astérix, which will be completed by the end of this year.

Leisure Destinations also saw attendance increase by 1.3%, reaching a record 8.8 million guests.

The report notes that facilities making the most progress are ones with the most advanced investment plans. Parc Astérix surpassed the symbolic mark of 2 million guests by the end of August and recorded 2.17 million by the end of the season. Walibi Belgium exceeded the one million mark for attendance. Walibi Rhône-Alpes saw attendance increase by nearly 30% in four years.

Futuroscope saw a slight decline in sales but this was the result of the facility celebrating its 30th anniversary last year.

Holdings

CDA acquired a 73% stake in Travelfactory in January, and the company says its integration into the Group is going according to plan.

A service contract for the Jardin d’Acclimatation in Paris has successful since the facility reopened for the season on June 1st.

The company has also signed and renewed contracts in China, notably for technical assistance projects for the Thaiwoo resort.