Trade Skistar B - SKISb CFD

Skistar Company profile

About SkiStar AB

SkiStar AB is a Sweden-based company active in the leisure and recreation industry. It is primarily engaged in the management of mountain ski resorts in Hemsedal and Trysil, in Norway, as well as in Salen, Are and Vemdalen, in Sweden. The Company’s activities are divided into two business areas: Destinations and Property Development. The Destinations area is responsible for the skiing services, mediation of accommodation, ski school and ski rentals. The Property Development area operates through wholly owned subsidiaries, named Fjallinvest AB and Fjellinvest Norge AS, which manage accommodation properties for hire, own land for development and have a stake in a jointly-owned real estate entities operating at SkiStar’s destinations. Furthermore, the Company is a parent of Salens Hogfjallshotell AB, Tandadalens Fjallhotell Service AB, and Are Invest AB, among others.

Financial summary

BRIEF: For the six months ended 28 February 2022, SkiStar AB revenues increased 57% to SEK2.33B. Net income applicable to common stockholders increased from SEK123.5M to SEK439.4M. Revenues reflect Operation segment increase of 52% to SEK2.14B. Net income benefited from Operation segment income increase from SEK140.1M to SEK534.7M, Property Development & Exploitation segment income increase from SEK6.6M to SEK22.4M.

Equity composition

12/2005, 2-for-1 stock split. 2001: Name changed from Salen Stjarnan AB to SkiStar AB.April 2004: Stock Split in the ratio 1:2. 1/2019, 2-for-1 stock split (Factor: 2).