Pierre & Vacances-Center Parcs: First Half 2020/2021 Revenue
Regulatory News:
1] First half 2020/2021 revenue
Under IFRS accounting rules, H1 2020/2021 revenue totalled €244.5 million (€158.0 million for the tourism activities and €86.5 million for the property development activities).
The Group nevertheless continues to comment on its revenue and the associated financial indicators, in compliance with its operating reporting namely:
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excluding the impact of IFRS16 application
Moreover, the operating and legal reorganisation implemented since 1 February 2021 resulting in the regrouping of each of the Group's activities into distinct and autonomous Business Lines, has led to a change in sectoral information in application of IFRS8. The main consequence for communication of the Group's revenue is the presentation of the contribution from the Adagio operating segment. The segment includes the contribution of sites leased by the PVCP Group, operated under the Adagio brand and entrusted to the joint-venture Adagio SAS for management, as well as the share of the contribution from Adagio SAS held by the Group.