Pierre & Vacances-Center Parcs: 2024 Half Year Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
After the decline in H1 revenue related to the ongoing health crisis, the Group restored growth over the second half of the year, with revenue over the summer season higher than the summer 2019
Pierre & Vacances-Center Parcs Group Information
Regulatory News:
The ongoing pandemic and the ensuing restrictive measures it requires have continued since almost one year to take a heavy toll on the activities of the Pierre Vacances-Center Parcs Group (Paris:VAC), like all players in the tourism industry.
More specifically, with ski-lifts remaining closed in France as well as access banned to waterparks, restaurants and indoor sports and leisure activities, virtually all of the Pierre Vacances Residences and Center Parcs Domains have been obliged to close.
Given the lack of visibility on a way out of the crisis, there is no current way of predicting a timeframe for the reopening of the Residences and Domains.
Pierre & Vacances-Center Parcs: First Quarter 2020/2021 Revenue
Regulatory News:
1] First quarter 2020/2021 revenue
In IFRS standards, Q1 2020/2021 revenue totalled €141.7 million (€98.7 million for the tourism activities and €43.1 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:
with the presentation of joint undertakings in proportional consolidation,
- excluding the impact of IFRS16 application
A reconciliation table presenting revenue stemming from operating reporting and revenue under IFRS accounting is presented in the appendix at the end of the press release.
Restrictive measures implemented by various European governments to face the second wave of the coronavirus pandemic took a harsh toll on the Group s Q1 revenue.