RECORD FULL-YEAR RESULT – STRONG SEASON EXPECTED
Fourth Quarter
- Net sales for the fourth quarter were
SEK 224 (184) million, an increase ofSEK 40 million (22 percent) compared with the previous year. - Profit/loss after tax for the fourth quarter was
SEK -212 (80) million, a decline ofSEK 292 million (364 percent) compared with the previous year, which was positively affected by a capital gain ofSEK 198 million on property transactions. - Earnings per share amounted to
SEK -2.70 (-0.87).
Full Year
- Net sales for the full year were
SEK 4,092 (2,689) million, an increase ofSEK 1,404 million (52 percent) compared with the previous year. - Profit after tax was
SEK 665 (234) million, an increase ofSEK 431 million (184 percent) compared with the previous year. - Earnings per share amounted to
SEK 8.50 (3.04), an increase of 180 percent. - The Board recommends a dividend that is twice as much as the previous year, i.e.
SEK 3.00 (1.50) per share, corresponding to a total ofSEK 235 (118) million.
Significant events during and after the period
- Strong demand for mountain holidays all year round and the easing of travel restrictions contributed to increased revenue from core operations during the financial year. All destinations had record visitor numbers during the winter season, resulting in both a higher number of skier days and record sales of all products related to alpine skiing, such as SkiPass, ski rental and sporting goods outlet sales.
- Bookings for the winter season are seven percent higher than at the same point before 2019/20, i.e. the season before the pandemic.
- SkiStar is investing over
SEK 600 million in the core business for 2022/23 in order to increase the attractiveness of the Company’s resorts and to meet continuing strong demand from guests. In addition to operational investments, SkiStar has acquired an area of land totaling 400 hectares in Vemdalen which is ideal for continuing development of the popular Vemdalen mountains.
Comments from the CEO
The future looks bright, with a continuation of the very strong demand for active holidays in the Scandinavian mountains: Bookings for the winter season are seven percent higher than at the same point before the 2019/20 season, i.e. before the pandemic, despite the instability in the outside world.
Conference call and web presentation
In connection with the report SkiStar will organize a conference call with web presentation. CEO
Tuesday
SE: +46856642692,
NO: +4723963688,
US: +16467224903.
Web cast: https://financialhearings.com/event/43425. 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 Year-End Report September 2021-August 2022
© OMX, source