Compagnie des Alpes (CDA) Q3 2025 TU earnings summary

Executive summary

• Sales for the first nine months of FY 2024/25 rose 15.1% year-over-year to €1,126.1 million, with 10.7% growth on a comparable basis, driven by robust third-quarter performance across all divisions.

• Third-quarter sales increased 27.2% year-over-year to €276.5 million, with 20.2% growth on a comparable basis, led by exceptional results in Ski Areas and Outdoor Activities.

• EBITDA guidance for the full year is reaffirmed at approximately +15% versus FY 2023/24.

Financial highlights

• Nine-month sales: €1,126.1 million, up 15.1% year-over-year; comparable growth 10.7%.

• Q3 sales: €276.5 million, up 27.2% year-over-year; comparable growth 20.2%.

• Ski Areas and Outdoor Activities: €583.8 million (+7.6%), Distribution & Hospitality: €112.0 million (+6.9%), Leisure Parks: €430.3 million (+29.9%).

Outlook and guidance

• Fourth quarter expected to have minimal impact on Ski Areas and Outdoor Activities; summer bookings ahead of last year for Distribution & Hospitality.

• Leisure Parks expected to contribute about 40% of annual sales in Q4, with strong bookings and new attractions supporting performance.

• Full-year EBITDA growth guidance of approximately 15% reaffirmed, subject to normal operating and weather conditions.