Compagnie des Alpes (CDA) Q4 2026 TU earnings summary

Executive summary

• FY2025/26 sales reached a record €1,433.2 million, up 2.6% reported and 2.2% on a comparable basis, despite difficult weather and economic conditions.

• Stricter cost control supported revised EBITDA growth guidance of around 6%, excluding Tignes asset-sale capital gains, without sacrificing customer satisfaction.

Financial highlights

• Full-year sales were €1,433.2 million versus €1,397.4 million in FY2024/25; Q4 sales rose 2.3% reported and 2.7% on a comparable basis to €277.7 million.

• Q1 sales increased 10.4% reported; Q2 rose 1.0%; Q3 declined 1.4%; Q4 advanced 2.3%.

Outlook and guidance

• FY2025/26 EBITDA growth is expected at around 6%, excluding capital gains on Tignes fixed-asset disposals, versus prior guidance of +2% to +5%.

• Initial mountain-resort booking rates for the coming season are relatively strong; Halloween is off to a good start and all Christmas corporate events are sold out.