France's Voyageurs du Monde H1 net income falls 20% on higher expenses

By Reuters News


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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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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