Compagnie des Alpes, a leading European leisure park operator, has released its annual sales report for the financial year 2019/2020.
The report shows that the first half of the financial year was satisfactory, with sales in-line with the growth trajectories of previous years.
In mid-March the trajectory changed, when the Compagnie des Alpes’ leisure parks and ski resorts were closed due to the Covid-19 pandemic. The sites gradually reopened when lockdown restrictions were lifted in May and June.
The Group reported that in the last period of the year there was a significant decline in visitor numbers at its Leisure Parks compared to the same period last year.
From October 1, 2019 to September 30, 2020, Compagnie des Alpes’ leisure parks witnessed a -39% change in sales compared to the same period in the 2018/2019 financial year.
The Compagnie des Alpes Group has announced it has taken measures to protect its liquidity position. One measure was the implementation of a government-backed loan for 200m euros in June. The Group also confirmed an overdraft limit of 147m euros with its banking partners.