H1 ski lift for CDH
Compagnie des Alpes has reported a 33.6 per cent increase in net income for the first half of fiscal 2010, as weakened performance in the group’s leisure parks division was offset by an upswing in the company’s core ski resort operations.
Revenue for the group totalled E343.9m, up 10 per cent on the first half of 2009. Profits for the group amounted to E37.8m, up on the E28.3m booked in the prior-year period.
CDH’s leisure parks business, which includes Parc Asterix in France and Walibi World in the Netherlands, took a slight knock, with sales dipping 1.5 per cent to E38.3m. This, however, was offset by an 11.7 per cent increase in revenues from the group’s ski resorts business, which accounts for the vast majority of the company’s top line earnings.
Dominique Marcel, chairman and CEO, commented: "The quality of these results showed again the strength of the CDA’s business model and induce us to carry on in a determined way the group’s adaptation to the new economic environment and to assure its development in the best efficiency and profitability conditions."