Compagnie des Alpes (CDA) Q4 2025 TU earnings summary

Executive summary

• Annual sales reached a record €1.4 billion, up 12.8% year-over-year and 8.9% on a comparable basis, with all three business divisions contributing to growth.

• EBITDA growth guidance for FY 2024/25 will be slightly exceeded, surpassing the previous target of around 15%.

• Leisure Parks saw particularly strong performance, with record attendance at Futuroscope (2.5 million visitors) and Parc Astérix (nearly 3 million visitors).

Financial highlights

• Group sales for FY 2024/25 were €1,397 million, up from €1,239 million the previous year.

• Q4 sales were €271 million, up 4.1% year-over-year; comparable Q4 sales grew 2.2%.

• Ski Areas & Outdoor Activities sales rose 7.5% to €594 million, with a 6.6% increase in average revenue per skier-day and a 1.0% rise in skier-days.

• Distribution & Hospitality sales increased 7.6% to €125 million, with Q4 up 14.2% year-over-year.

• Leisure Parks sales grew 18.9% to €678 million (10.5% comparable), driven by a 9.3% rise in attendance and 2.3% higher per-visitor spending.

Outlook and guidance

• EBITDA growth for FY 2024/25 is expected to slightly exceed the revised guidance of approximately 15%.

• Positive booking trends for mountain resorts and strong advance ticket sales for the upcoming Christmas period in Leisure Parks.