SKISTAR REPORTS ITS BEST HALF-YEAR RESULT EVER:
– VISITOR AND SALES RECORDS BEHIND THE SUCCESS
Second Quarter
- Net gross sales for the second quarter elevated by SEK 850 million – 64 % – to SEK 2,178 (1,328) in contrast with the earlier yr.
- Profit after tax was SEK 752 (365) million for the second quarter, a rise of SEK 387 million or 106 %, in contrast with the earlier yr.
- Earnings per share amounted to SEK 9.62 (4.70), a rise of 105 %.
First Six Months
- Net gross sales for the primary six months of the yr have been SEK 2,333 (1,482) million, a rise of SEK 851 million (57 %) in contrast with the earlier yr.
- Profit after tax for the primary six months of the yr elevated by SEK 323 million (283 %) to SEK 438 million (114) in contrast with the earlier yr.
- Earnings per share amounted to SEK 5.61 (1.58), a rise of 256 %.
Significant occasions in the course of the interval and after the tip of the interval
• Strong demand for mountain holidays along with eased journey restrictions contributed to larger income in core operations. All locations had document customer numbers, each in the course of the college holidays and within the intervals between them. This has led to each elevated variety of skier days and document gross sales of all merchandise linked to alpine snowboarding, such because the SkiPass, ski rental and gross sales from sporting items shops.
• Bookings for the remainder of the winter season are 9 % larger than the 2018/19 seasons, i.e. pre-pandemic.
• The sale of the corporate’s shares within the Austrian subsidiary St. Johann in Tirol was accomplished in January.
• SkiStar is investing greater than half a billion Swedish kronor within the core operations over the subsequent yr with the intention to enhance the attractiveness of the corporate’s services and to satisfy company’ persevering with sturdy demand.
• Sport Lodgen, Trysil’s most tasty sporting items shops that have been acquired by SkiStar in the course of the quarter, has been built-in within the business.
Comments from the CEO Stefan Sjöstrand:
As we summarise elements of the winter season and SkiStar’s first six months of the 2021/22 monetary yr, this can be very gratifying that we will report the perfect half-year consequence within the firm’s historical past. This was primarily pushed by progress in our core operations, due to a document variety of snowboarding guests to our locations. This has led to each elevated variety of skier days and document gross sales of all merchandise linked to alpine snowboarding, such because the SkiPass, ski rental and gross sales from sporting items shops.
We are rising stronger as an organization due to our change in technique: From SkiStar the winter ski resort firm to the mountain tourism firm specializing in an lively vacation all yr spherical. Due to this, our restoration following the more difficult pandemic years has come sooner than anticipated.
Conference name and internet presentation
In reference to the report SkiStar will set up a convention name with internet presentation. CEO Stefan Sjöstrand and CFO Anders Örnulf will current and touch upon the report.
Thursday 17 March at 10.00 a.m. CET. Dial-in quantity(s):
SE: +46850558358,
UK: +443333009268,
US: +16467224903.
Web forged: https://financialhearings.com/event/43423. The presentation and a recorded model of the online presentation shall be out there on the identical webpage after the presentation.
This data is data that SkiStar AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The data was submitted for publication, by means of the company of the contact individuals set out under, at 17 March 2022, 07.15 a.m. CET.
Further data may be reached from:
Stefan Sjöstrand, CEO, tel +46 (0)280 841 60.
Anders Örnulf, CFO, tel +46 (0)280 841 60.
SkiStar in short
SkiStar AB (publ) is listed on the Mid Cap checklist of the Nasdaq Stockholm trade. The Group owns and operates mountain resorts in Sälen, Vemdalen, Åre and Stockholm (Hammarbybacken) in Sweden and in Hemsedal and Trysil in Norway. Operations are divided into three segments: Operation of Mountain Resorts, Property Development & Exploitation and Operation of Hotels. As the main vacation tour operator for Scandinavia, SkiStar’s business idea is to create memorable mountain experiences, develop sustainable locations, provide lodging, actions, services and products of the very best high quality with our company in focus. For additional data, please go to www.skistar.com/en/company.
- SkiStar Half-Year Report September 2021-February 2022
