Compagnie des Alpes (CDA) Q2 2026 TU earnings summary

Executive summary

• Consolidated sales for H1 FY 2025/26 reached €882.7 million, up 3.9% year-over-year, in line with expectations.

• Growth was driven by strong performance in ski areas and leisure parks, partially offset by a minor decline in distribution & hospitality due to a fire-related closure.

• The group remains confident in its outlook for the second half, supported by robust bookings and new offerings.

Financial highlights

• H1 sales: €882.7M (+3.9% vs. H1 2024/25); comparable basis growth: +3.1%.

• Q1 sales up 10.4% year-over-year, Q2 sales up 1.0%.

• Ski Areas & Outdoor Activities: €552.3M (+5.3%), Leisure Parks: €229.2M (+2.9%), Distribution & Hospitality: €101.2M (-1.2%).

Outlook and guidance

• Second half expected to proceed smoothly, with positive early April sales in ski areas.

• Summer bookings for MMV resorts align with expectations.

• Leisure Parks anticipate strong H2, which typically accounts for over two-thirds of annual sales.

• New attractions and expanded offerings expected to boost site attractiveness.