Pierre et Vacances SA

Reported on wednesday h1 revenue ( according to operating reporting) at eur 696.0 mln vs eur 738.1 mln yr ago . h1 current operating loss eur 125.6 mln vs loss of 111.5 mln yr ago. h1 net loss for period eur 145.8 mln vs eur 121.0 mln yr ago. deployment of change up plan continued during the lockdown period. q3 revenue will be the worst hit, with two months of no activity and a very gradual recovery in june. closed virtually all sites from mid march to early june. exceptional measures implemented to reduce costs and preserve cash. negotiations are underway with property owner investors concerning impact on financial terms of lease. group mobilised all financing sources to overcome period of lacking tourism revenues. maturity on eur 200 mln revolving credit line, initially maturing march 2021, prolonged by 18 months. on 31 march 2020, available cash totalled eur 253 mln.

H1 revenue 628.7 million eur. q2 revenue eur 321.0 million versus eur 345.1 million year ago. sharp growth in group' s operating performances prior to covid 19 outbreak helped offset short term effects of crisis. group is also continuing to roll out its change up plan, confident in its strategy of sustainable profitability.

Center parcs group presents its new strategic plan change up1. a current operating margin target for tourism business lines of 5% for 2022 and 9% for 2024. targets average annual growth in accommodation revenue of 6% (4.7% same structure growth). plan aims to boost organic growth in group' s businesses by optimising current operations,. results, together with a eur 50 million cost savings plan, expected to generate cash flow of around eur 350 million over 2020 2024. total amount of savings expected for 2024 is eur 50 m ( eur 30 m from reorganisation and eur 20 m from procurement), 70% of which to be delivered by end of 2021. plan should enable us to restore profitability as of 2021 ceo.

Q1 2019 2020 ifrs revenue totalled eur 334.5 million. pierre & vacances first quarter 2019 2020 revenue. currently estimating growth in tourism business for q2 2019 2020 relative to q2 2018 2019.. this growth concerns both pierre & vacances tourisme europe division and center parcs europe division.. revenue from property development in q2 2019 2020 should be higher than the level seen in q2 2018 2019.

Announced on tuesday 2018 2019 full year results. fy total reported revenue eur 1.67 billion vs eur 1.47 billion ( proforma ifrs 15) yr ago. fy reported current operating result eur 30.9 million vs eur 9.8 million ( proforma, ias 23) yr ago. fy reported net loss group share eur 33.0 million vs loss of 46.0 million ( proforma, ias 23) yr ago . sees growth in tourism activities as of q1 2019 2020. strategic action plan for sustainable profitability will be finalised at the beginning of 2020.

Pierre & vacances sa reported earnings results for the full year of 2019. revenue was 1,672.8 million competed to proforma revenue of 1,469.6 million a year ago. ebit was 30.9 million competed to proforma ebit of 9.8 million a year ago. net loss was 33 million competed to proforma loss of 46 million a year ago.

Pierre & vacances center parcs announced revenue results for the fourth quarter and full year 2019. for the quarter, the company reported revenue totaled 537.7 million ( 466.8 million for the tourism activities and 70.9 million for the property development activities). for the full year, the company reported revenue totaled 1,595.0 million ( 1,300.7 million for the tourism activities and 294.3 million for the property development activities). the group is expecting an increase in current operating profit for 2018 2019 relative to the year earlier period.