CDA: buoyant after annual results

(CercleFinance.com) - Compagnie des Alpes (CDA) shares are up nearly 5% this morning following the publication of a 2.
3% increase in net income, group share, to E92.5m for 2023-24, coupled with the announcement of a 10% increase in the dividend to one euro per share.

EBITDA came in at E350.7m, in line with the company's target of E350m, having notably benefited from its dynamic mountain activities, a 16.5% drop in energy costs, and strict cost management discipline.

Sales rose by 10.1% (+8.9% LFL) to E1.24bn, driven by a record year for the group's three divisions, particularly the ski areas and outdoor activities division (+13%).

CDA is aiming for EBO growth of around 10% for FY 2024-25 and, based on a continuous growth trajectory, EBO of E500m or more within four to five years.


Copyright (c) 2024 CercleFinance.com. All rights reserved.