Pierre & Vacances raises its targets

(CercleFinance.com) - On the occasion of its half-yearly publication, Pierre & Vacances announces that it is raising its targets for 2024, aiming for an adjusted EBITDA of at least 160 million euros excluding the impact of non-recurring income, one year ahead of the March 2022 business plan.


It is also raising its five-year ambitions, with adjusted EBITDA targets of EUR200 million in 2026 and EUR220 million in 2028, as well as sales targets of EUR2 billion in 2026 and EUR2.18 billion in 2028.

In the first half of 2024 (to the end of March), the tourism group posted net income of -82.4 million euros, and adjusted EBITDA improved by 31% excluding the impact of non-recurring income booked, to -32.3 million euros.

Sales rose by 1.7% to 822.2 million euros, with tourism sales up 8.9% to 767.5 million (accelerating to +11.8% in the second quarter after +5.9% in the first).

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