Voyageurs du Monde (ALVDM) H2 2024 earnings summary

Executive summary

• Achieved record 2024 results with sales of €735.3 million, up 6.0% year-over-year, and highest-ever net income of €47.5 million, up 7.6% from 2023.

• Growth driven by tailor-made travel (+6.4%) and adventure travel (+7.8%), while cycling holidays grew 1.7%.

• Maintained strong corporate social responsibility, returning 21% of wealth created to employees and advancing environmental initiatives.

Financial highlights

• Gross profit rose 7.8% to €236.6 million, representing 32.2% of sales.

• EBITDA increased 5.7% to €68.3 million, with a stable margin of 9.3% of sales.

• EBIT grew 6.2% to €61.3 million.

• Operating expenses increased 9.8% to €180.3 million.

Outlook and guidance

• Booked departures for 2025 as of March 31 are up 8.5% year-over-year, representing 76% of 2024 sales.

• International expansion includes a new operation in German-speaking Switzerland and acquisitions in Norway, Spain, and Canada.

• Plans to launch new adventure travel offerings and expand tailor-made travel in Egypt.

• Dividend of €5.00 per share proposed for AGM on June 5, 2025.