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Pierre & Vacances-Center Parcs Reports 11.9% Increase in Turnover in Q3

(AOF) – Pierre & Vacances-Center Parcs announces an increase in turnover from its tourist activities of 11.9% in the third quarter over one year, to 428.7 million euros. The group confirms its financial forecasts for the 2022/2023 financial year, revised upwards on April 18, with revenue from tourism activities at more than 1.7 billion euros, Group adjusted EBITDA at more than 130 million euros, and operating cash flow generation of more than 50 million euros.

“The 3rd quarter of the financial year posted solid operational performance, confirming the rebound observed in the 1st half and the success of our strategic positioning towards local tourism and the upscaling of our offer”, declared Franck Gervais, Chief Executive Officer of Pierre & Vacances-Center Parcs. “The 4th quarter of the financial year is also expected to grow, despite a particularly dynamic summer of 2022. To date, we have already recorded reservations corresponding to more than 95% of the budgeted annual turnover”.

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2023-07-19 01:00:23
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