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Groupe Pierre & Vacances-Center Parcs: Third-Quarter Affected by Lower Activity Due to the Covid-19 Crisis 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.
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: - - 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 ....
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. ....