Pierre & Vacances: slight net loss for the year

(CercleFinance.com) - Pierre & Vacances reports a net loss of -20.
6 million euros for its 2023 fiscal year, compared with +325 million the previous year, but adjusted EBITDA of 137.1 million, up 74% on fiscal 2019 (pre-Covid reference).

The Group recorded double-digit growth in its tourism business (+12.8% year-on-year and +27.6% year-on-year in 2019), taking total sales to a record ?1.91 billion (+8.2%).

Given the business momentum at the start of the first half and the rigorous execution of the ReInvention plan', Pierre & Vacances forecasts adjusted EBITDA of between ?145 and ?150 million for fiscal 2024.

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