A GROWING NUMBER OF SATISFIED GUESTS, GOOD WINTER CONDITIONS AND GREAT INTEREST IN SKIING HOLIDAYS
Second Quarter
- Net sales for the second quarter increased by SEK 157 million, 6 percent, to SEK 2,787 million (2,630).
- Operating profit/loss for the second quarter increased by SEK 135 million, 13 percent, to SEK 1,200 million (1,065).
- Capital gains from exploitation operations were included with SEK 18 million (-6).
- Cash flow from operating activities increased by SEK 66 million to SEK 1,422 million (1,356).
- Basic and diluted earnings per share amounted to SEK 11.84 (10.43), an increase of 14 percent.
First Half-Year
- Net sales for the first half-year increased by SEK 150 million, 5 percent, to SEK 3,000 million (2,850).
- Operating profit/loss for the first half-year increased by SEK 117 million, 20 percent, to SEK 718 million (601).
- Capital gains from exploitation operations were included with SEK 19 million (-6).
- Cash flow from operating activities increased by SEK 127 million to SEK 1,705 million (1,578).
- Basic and diluted earnings per share amounted to SEK 6.58 (5.53).
Significant events during and after the period
- Booking volumes for the remainder of the winter season 2024/25, measured as the number of overnight stays booked through SkiStar's mediated accommodation, are 5 percent down compared with the same time of the previous year. Mainly deriving from the Easter holidays falling late this year.
- Booking volumes for the coming winter season 2025/26 are 5 percent up compared with the same time of the previous year and 15 percent of the season's volumes have already been booked.
- Sara Jinnerot Uggelberg assumed the role as CFO on 1 February 2025, at the same time as Martin Almgren left the role.
Comments from the CEO Stefan Sjöstrand:
"With a favourable Christmas and New Year festive season, a rise in visitor numbers, impressive work by our employees and good conditions for winter sports it is gratifying to be able to report the best quarterly operating profit in the Company's history."
Time for conference call and web presentation
Wednesday 19 March 2025 at 10.00 a.m. CET.
Web cast: https://edge.media-server.com/mmc/p/993d5c2a
Web cast & participation at conference call to ask questions:
https://register-conf.media-server.com/register/BI633713f11cdc4573828fb86a3f299d5d
For registration and dial-in details, please follow the link above. Please make sure you are connected to the phone conference by calling in and registering a few minutes before the conference begins. The presentation and a recorded version of the web presentation will be available on the same webpage after the presentation.
This information is information that SkiStar AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. This information was submitted for publication, through the agency of the contact persons set out below, on 19 March 2025, at 07.00 a.m. CET.
Further information can be reached from:
Stefan Sjöstrand, CEO, tel +46 (0)280 841 60.
Sara J Uggelberg, CFO, tel +46 (0)280 841 60.
SkiStar in brief
SkiStar AB (publ) is listed on the Mid Cap list of the Nasdaq Stockholm exchange. The Group owns and operates mountain resorts in Sälen, Vemdalen, Åre and Stockholm (Hammarbybacken) in Sweden and in Hemsedal and Trysil in Norway. Operations are divided into three segments: Operation of Mountain Resorts, Property Development & Exploitation and Operation of Hotels. As the leading holiday tour operator for Scandinavia, SkiStar's business concept is to create memorable mountain experiences, develop sustainable destinations, offer accommodation, activities, products and services of the highest quality with our guests in focus. For further information, please visit https://investor.skistar.com/en.
