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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. ....