NEW RECORD PROFITS AND SUSTAINED STRONG STAYCATION TREND
Third Quarter
- Net sales for the third quarter were
SEK 1,536 (1,023) million, an increase ofSEK 513 million (50 percent) compared with the previous year. - Profit after tax was
SEK 439 (39) million for the third quarter, an increase ofSEK 400 million or 1,022 percent compared with the previous year. - Earnings per share amounted to
SEK 5.60 (0.60).
First Nine Months
- Net sales for the nine-month period increased to
SEK 3,868 (2,505) million, an increase ofSEK 1,363 million (54 percent) compared with the previous year. - Profit after tax was
SEK 876 (153) million, an increase ofSEK 723 million (471 percent) compared with the previous year. - Earnings per share amounted to
SEK 11.21 (2.17), an increase of 416 percent.
Significant events during the period and after the end of the period
- SkiStar has decided to make further investments ahead of the coming financial year.
SEK 67 million is being invested in new summer activities for the company’s destinations. This is in addition to the previously communicated investments for the next financial year ofSEK 555 million , which include extensive investments in replacements and modernisations with an extra focus on snow capacity, as well as new lifts in order to wind-proof SkiStar Åre. - For the first time, SkiStar had over six million skier days at its destinations during the winter season. The number of skier days totalled 6,031,000, which represents a ten-percent increase compared with the previous record season in 2018/19.
Comments from the CEO
As we review the winter season, we can say that SkiStar has produced its best nine-month result ever, with profit before tax of
Regarding SkiStar Sports & Adventures, which offers an active holiday for the whole family in summer, we are seeing a positive trend once again this year with bookings up nine percent, measured in the number of booked overnight stays via SkiStar, compared to the same period last year.
Conference call and web presentation
In connection with the report SkiStar will organize a conference call with web presentation. CEO
Friday
SE: +46 8 519 993 83,
NO: +47 235 002 36,
US: +1 64 672 249 04.
Web cast: https://financialhearings.com/event/43424. 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
Further information can be reached from:
Anders Örnulf, CFO, tel +46 (0)280 841 60.
SkiStar in brief
Attachment
- SkiStar Interim Report September 2021-May 2022
© OMX, source