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Compagnie des Alpes (CDA) investor relations material
Compagnie des Alpes Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated sales for Q1 2025/26 reached €289.0 million, up 10.4% year-over-year, with strong growth across all business segments.
Growth was partly driven by an extra day of Christmas vacation, boosting mountain operations and leisure parks.
The relaunch of the Paris–Bourg-Saint-Maurice night train supports low-carbon resort access.
Financial highlights
Total Q1 sales: €289.0 million, up 10.4% from €261.8 million in Q1 2024/25; 9.5% growth on a comparable basis.
Ski Areas and Outdoor Activities sales: €95.8 million, up 20.0% reported and 19.0% comparable.
Distribution & Hospitality sales: €20.1 million, up 15.2% year-over-year.
Leisure Parks sales: €173.1 million, up 5.2% reported and 4.2% comparable.
Outlook and guidance
Targeting close to 10% EBITDA growth for the full year, excluding capital gains from Tignes asset disposals.
Strong Alpine resort bookings, especially for February holidays, support confidence for the season.
Positive Q1 calendar effect will be offset in Q2; late spring holidays in France may impact sales.
New attractions and themed experiences planned for leisure parks in spring to drive further growth.
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