Pierre & Vacances: back to black in 2024

(CercleFinance.com) - Pierre & Vacances-Center Parcs reports a return to positive net income for its FY 2024, at E29m, after over a decade of net losses, as well as adjusted EBITDA that is up 27% at E174.
3m, above its guidance.

Sales rose 3.7% to E1.9bn, including E1.8bn for tourism brands, in an environment that remained complex (purchasing power at half-mast, deteriorating economic environment, political instability and the JO in France, etc.).

On the strength of these results and the relevance of its model, the group confirms its EBITDA growth trajectory for FY 2025, in order to achieve its adjusted EBITDA targets of E200m in 2026 and E220m in 2028.


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