Pierre & Vacances: Q1 business stable overall

(CercleFinance.com) - Pierre & Vacances has published economic sales (operational reporting) of E394.
7m for Q1 2024/25, up 0.1% y-o-y.

In IFRS terms, sales came to E372.5m, up 1.1%.

In detail (in operational reporting), accommodation sales came to E292m, up +1.7%, with +0.5% for Center Parcs, +13.6% for the Pierre & Vacances brand and -2.5% for Adagio.

For Q2, the group anticipates "a late booking dynamic", a phenomenon amplified by the current macro-economic context in Europe and the political situation in France.

In view of an uncertain economic context in which consumer behaviour is changing (increased sensitivity to local and responsible tourism, dynamic last-minute bookings, etc.), our group has all the necessary assets to pursue its growth trajectory, Pierre & Vacances - Center Parcs management said.


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