Pierre et Vacances
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Pierre et Vacances (VAC) investor relations material

Pierre et Vacances Q4 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2026 TU earnings summary22 Oct, 2026

Executive summary

  • FY2025/2026 economic revenue reached €1,998.5 million, up 2.7% YoY; tourism revenue grew 5.5%, and adjusted EBITDA is expected at around €185 million, in line with guidance.

  • Revenue growth and improved customer satisfaction were achieved in a challenging environment, supported by operational execution and the complementary brand portfolio.

Financial highlights

  • IFRS revenue was €1,930.5 million, up 3.4% YoY; economic revenue was €1,998.5 million, up 2.7%.

  • Economic tourism revenue reached €1,977.5 million, up 5.5%; accommodation revenue rose 3.9% to €1,494.8 million and supplementary income increased 10.8% to €482.7 million.

  • Q4 economic revenue was €694.8 million, up 6.5% YoY; tourism revenue rose 7.3% to €688.6 million.

  • Q4 IFRS revenue was €673.6 million versus €631.2 million a year earlier; FY IFRS revenue was €1,930.5 million versus €1,866.6 million.

Outlook and guidance

  • FY2025/2026 adjusted EBITDA is expected to total around €185 million, in line with guidance and above FY2024/2025.

  • Q1 2026/2027 tourism reservations booked to date are above the prior-year level across all brands, driven by volume.

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Frequently asked questions

Pierre et Vacances SA is a French company specializing in tourism and holiday accommodation, operating under brands such as Pierre & Vacances, Center Parcs, and Adagio. The company provides vacation rentals, resorts, and holiday villages across Europe, offering a range of accommodations from self-catering apartments to full-service resort stays. Pierre et Vacances caters to family and leisure travelers, with a focus on creating relaxing and nature-oriented holiday experiences. The company’s properties are located in popular leisure destinations across France, Spain, Belgium, and the Netherlands. The company is headquartered in Paris, France, and its shares are listed on Euronext Paris.