With solid activity in both ski areas and leisure parks, the consolidated sales of Compagnie des Alpes came to 88.7 million in the first quarter of 2008-2009, up 15.8% like-for-like and 15.5% on a real basis.
Consolidated sales from October 1, 2008, to December 31, 2008 – (please refer to the following link for actual figures) Compagnie des Alpes
The 2007/2008 like-for-like scope of consolidation does not include quarterly sales of the PanoramaPark (Germany) site, which was sold in January 2008.
The first quarter is the weakest of the year in terms of Group activity (less than 15% of annual revenues).
Sales of ski areas grew by 18.3% on both real and like-for-like bases.
First-quarter activity, as at December 31, 2008, benefited from two additional days of school holidays compared with the previous exercise, which served to significantly boost sales growth.
Abundant snow improved skiing conditions at all Group resorts during the Christmas holidays. The number of skier-days rose by more than 6% over this period, providing a stable accommodationsoccupancy rate of around 80%.
Revenues per skier-day also rose significantly (around 4% at January 2, 2009). Sales were favorably impacted by the re-opening of the Vanoise Express cable car and the consequent resumption of commercialization of the Paradiski product.
First-quarter leisure park sales rose 10.3% on a real basis and 11% like-for-like (disposal of the German park Panorama at the beginning of 2008).
This performance was due largely to good visitor numbers at parks open during the Toussaint and Christmas holidays, particularly Parc Astérix (increase of 50, 000 visitors over the entire period). Overall, first-quarter visitor numbers improved by around 8%, and visitor spending rose by around 3%.
Outlook for second quarter
Over 95% of business in the FY second quarter (January 1 to March 31) comes from ski areas.
Reservations of accommodations at Group resorts, as measured in number of visits as of January 15, 2009, are down 2.9% from a year earlier. This will slightly impact the forecasts made in December 2008 (-1.9%).
Estimated occupancy rates for January and February are similar to those in 2008. Because Easter falls in April this year, March will be hurt, with occupancy rates in net decline (50% v. 64% at January 15, 2008). Data for April are insignificant at this point.
General Meeting of Shareholders on March 19, 2009, at 3 p.m.
Second-quarter sales on April 29, 2009
See also: Amusement Parks: A Good Year at Compagnie des Alpes
Philippe Segretain is named Chairman of the Compagnie des Alpes Supervisory Board
Dominique Marcel to become Chairman of the Management Board of Compagnie des Alpes on October 1, 2008