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Pierre & Vacances: H1 sales up 17.2%

(CercleFinance.com) - The group Pierre & Vacances announced on Tuesday evening a 17.
2% increase in its H1 sales, which reached 738.1 million euros.

In detail, revenue from its tourism businesses amounted to 543.5 million euros, up 2.6% relative to the first half of 2017/2018. Meanwhile, its Property business brought in 194.7 million euros.

"In Q3 2018/2019, in view of the portfolio of reservations to date, the Group expects growth in like-for-like tourism revenue relative to the previous year. Q3 property development revenue in 2018/2019 ought to be similar to that of Q3 2017/2018," the group said regarding its immediate outlook.


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