French tourism group Pierre & Vacances' FY revenue up on accommodation, supplementary income

By Reuters News


Overview

  • France tourism group's FY 2025/2026 revenue rose 2.7% to €1.93 bln

  • Tourism business revenue grew 5.5% year-over-year, driven by accommodation and supplementary income

  • Adjusted EBITDA expected at €185 mln, in line with company guidance and up from prior year


Outlook

  • Company expects FY2025/2026 revenue of €2 bln, up 2.7%

  • Company expects FY2025/2026 adjusted EBITDA of around €185 mln

  • Tourism reservations for Q1 2026/2027 are higher year-on-year across all brands


Result Drivers

  • SUPPLEMENTARY INCOME - Growth in supplementary income, particularly from maeva&co following the takeover of Camping Paradis and Ushuaïa Villages, contributed to higher tourism revenue

  • HIGHER OCCUPANCY AND RATES - Revenue growth was supported by a 3.1% increase in nights sold and a 0.8% rise in average letting rates, despite VAT hikes in the Netherlands and Belgium

  • EXPANSION AND PARTNERSHIPS - New openings, partnerships, and acquisitions, including the Swisspeak Resorts partnership, new hotels in Spain and Portugal, and Adagio's agreement with Sergic, supported revenue growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

Miss

EUR 1.93 bln

EUR 2.02 bln (2 Analysts)

FY Adjusted EBITDA

EUR 185 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

  • Wall Street's median 12-month price target for Pierre et Vacances SA is €2.15, about 14.2% above its October 21 closing price of €1.88

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Oct 21 - France's Fnac Darty Q3 revenue rises on strong European growth

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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