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Pierre et Vacances
Pierre et Vacances (VAC) investor relations material
Pierre et Vacances Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary23 Apr, 2026
Executive summary
First half 2025/2026 economic revenue rose 1.8% year-over-year, with tourism brands up 6.0%.
Growth attributed to strong local tourism demand, increased customer satisfaction, and ongoing premiumization investments.
Full-year revenue growth is forecasted to align with targets based on current reservation portfolio.
Financial highlights
IFRS revenue for H1 2025/2026 reached €788.3 million, up 3.0% from €765.1 million in H1 2024/2025.
Economic revenue (operational reporting) totaled €816.8 million, up 1.8% year-over-year.
Tourism economic revenue grew 6.0% to €805.8 million, with accommodation revenue up 6.2%.
Supplementary income increased 5.4% to €186.1 million, driven by maeva & co and on-site sales.
Outlook and guidance
Based on reservations, accommodation revenue is expected to grow for the full year 2025/2026, supported by higher letting rates and volumes.
Full-year revenue growth is anticipated to meet previously set targets.
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Latest events from Pierre et Vacances
- Strong financial results, strategic growth, and all resolutions approved; no dividend proposed.VAC
AGM 202613 Feb 2026 - Tourism revenue up nearly 7%, with higher occupancy and key strategic expansions.VACQ1 2026 TU22 Jan 2026
- First net profit in 13 years, record EBITDA, and all segments profitable with strong outlook.VACQ4 202412 Jan 2026
- Revenue, profit, and cash flow rose; FY 2026 EBITDA guidance set at €185 million.VACQ4 20254 Dec 2025
- Slight H1 revenue dip, but strong H2 bookings and EBITDA above €180M expected.VACQ2 202526 Nov 2025
- Q3 tourism revenue surged 12.2% year-over-year, driving improved full-year EBITDA guidance.VACQ3 202528 Jul 2025
- Q3 tourism revenue up 12.2% year-over-year, with EBITDA guidance raised above €180 million.VACQ3 2025 TU24 Jul 2025
- Revenue up 5% year-over-year; EBITDA guidance raised amid resilient summer bookings.VACQ3 202413 Jun 2025
Next Pierre et Vacances earnings date
Q2 202628 May, 2026
Pierre et Vacances
Next Pierre et Vacances earnings date
Q2 202628 May, 2026
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