Pierre & Vacances: 5% growth in nine-month sales

(CercleFinance.com) - The Pierre & Vacances group has reported a 4.
9% increase in tourism sales for all its brands over the first nine months of the 2023-24 financial year, to 1.19 billion euros.

In the third quarter alone, tourism sales were down 1.7%, in a complicated external economic environment, particularly in France (unfavorable weather and position of public holidays, tense economic and political situation, pre-JO effect).

On the strength of its past performance and business outlook, Pierre & Vacances confirms its EBITDA forecast of €170 million for the 2023-24 financial year, up sharply on the previous year (€137 million).

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