SkiStar Interim Report September 2021-May 2022

NEW RECORD PROFITS AND SUSTAINED STRONG STAYCATION TREND

Third Quarter

• Net gross sales for the third quarter have been SEK 1,536 (1,023) million, a rise of SEK 513 million (50 p.c) in contrast with the earlier yr.
• Profit after tax was SEK 439 (39) million for the third quarter, a rise of SEK 400 million or 1,022 p.c in contrast with the earlier yr.
• Earnings per share amounted to SEK 5.60 (0.60).

First Nine Months

• Net gross sales for the nine-month interval elevated to SEK 3,868 (2,505) million, a rise of SEK 1,363 million (54 p.c) in contrast with the earlier yr.
• Profit after tax was SEK 876 (153) million, a rise of SEK 723 million (471 p.c) in contrast with the earlier yr.
• Earnings per share amounted to SEK 11.21 (2.17), a rise of 416 p.c.

Significant occasions throughout the interval and after the tip of the interval

• SkiStar has determined to make additional investments forward of the approaching monetary yr. SEK 67 million is being invested in new summer season actions for the corporate’s locations. This is along with the beforehand communicated investments for the subsequent monetary yr of SEK 555 million, which embody intensive investments in replacements and modernisations with an additional give attention to snow capability, in addition to new lifts to be able to wind-proof SkiStar Åre.
• For the primary time, SkiStar had over six million skier days at its locations throughout the winter season. The variety of skier days totalled 6,031,000, which represents a ten-percent enhance in contrast with the earlier report season in 2018/19.

Comments from the CEO Stefan Sjöstrand:

As we evaluation the winter season, we will say that SkiStar has produced its finest nine-month outcome ever, with revenue earlier than tax of SEK 1,134 million, an enchancment of SEK 883 million year-on-year. We have had an extremely sturdy progress in all mountain merchandise resembling SkiPass, up 54 p.c, ski rental, up 78 p.c, along with report gross sales in our sporting items operations, up 38 p.c. This reveals that the curiosity in our core business – alpine snowboarding within the Scandinavian mountains – stays extraordinarily sturdy.

Regarding SkiStar Sports & Adventures, which affords an lively vacation for the entire household in summer season, we’re seeing a constructive development as soon as once more this yr with bookings up 9 p.c, measured within the variety of booked in a single day stays by way of SkiStar, in comparison with the identical interval final yr.

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.

Friday 17 June 2022 at 10.00 a.m. CEST. Dial-in quantity(s):
SE: +46 8 519 993 83,
NO: +47 235 002 36,
UK: +44 33 330 090 31,
US: +1 64 672 249 04.
Web solid: https://financialhearings.com/event/43424. The presentation and a recorded model of the net presentation will likely be obtainable on the identical webpage after the presentation.

This info is info that SkiStar AB is obliged to make public pursuant to the EU Market Abuse Regulation. The info was submitted for publication, by means of the company of the contact individuals set out beneath, at 17 June 2022, 07.15 a.m. CEST.

Further info may be reached from:

Stefan Sjöstrand, CEO, tel +46 (0)280 841 60.
Anders Örnulf, CFO, tel +46 (0)280 841 60.

SkiStar briefly

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 best high quality with our visitors in focus. For additional info, please go to www.skistar.com/en/company.

• SkiStar Interim Report September 2021-May 2022