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Groupe Pierre & Vacances: Pierre & Vacances-Center Parcs Group Information Regulatory News: The latest publications of Pierre Vacances-Center Parcs Group (Paris:VAC) have confirmed the impact on the beginning of its 2020-2021 financial year of the Covid-19 crisis. As the timetable for the rebound of its touristic activities is constantly being postponed due to the extension and aggravation of the health crisis, the Group has assessed the main options to deal with this context. On January 28th 2021, the Group s Board of Directors has decided to request the opening of an amicable conciliation procedure. The purpose of this procedure is to conduct amicable discussions with the Group s main stakeholders under the aegis of the conciliator. ....
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. ....
Announcement Release Pierre & Vacances-Center Parcs Group s Governance Regulatory News: In September 2019, the Board of Directors of the Pierre Vacances-Center Parcs Group (Paris:VAC) nominated Yann Caillère as the CEO of the Pierre Vacances-Center Parcs Group, with the aim of implementing the Change Up strategic plan intended to accelerate the Group s transformation. Despite the brutal and violent health crisis caused by the Covid-19 pandemic, the execution of this Plan under the full authority of Yann Caillère, incurred no delays and its efficiency has already been demonstrated by the growth delivered during non-lockdown periods of the year and the roll-out of the new organisation. ....