France's Voyageurs du Monde H1 net income falls 20% on higher expenses
Overview
France travel group's H1 2026 sales rose 1.9% yr/yr, led by adventure and cycling holidays
H1 EBITDA fell 2.7% and net income dropped 20% due to higher expenses
On 1 September 2026, company submitted public buyout offer at EUR 180 per share, a premium to prior prices
Outlook
Company expects 2026 sales and earnings to be slightly lower than 2025
Booked departures for 2026 as of Aug 31 are down 1.3% vs 2025, representing 95% of 2025 sales
Company plans expansion into Germany and Italy, with new branches opening in late 2026 and 2027
Result Drivers
DESTINATION DISRUPTION - Conflict in the Middle East led to trip cancellations, repatriations and reduced demand for all destinations
SEGMENT PERFORMANCE - Adventure travel and cycling holidays drove sales growth, while tailor-made travel stalled
HIGHER EXPENSES - Increased operating expenses contributed to net income decline
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Sales | EUR 323.40 mln | ||
H1 Net Income Attributable to Owners of the Parent | EUR 4.60 mln | ||
H1 EBITDA | EUR 10.80 mln |
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the leisure & recreation peer group is "buy."
Wall Street's median 12-month price target for Voyageurs du Monde SA is €180.00, about 0.3% above its September 28 closing price of €179.50
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago
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(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.)