Positive: Strong demand for mountain holidays boosts net sales and operating profit for SkiStar AB.

From GlobeNewswire: 2024-06-20 01:00:00

Great interest in Scandinavian mountain holidays has led to a 6% increase in net sales for the third quarter, reaching SEK 1,490 million. Operating profit also rose by 18%, to SEK 418 million. Sales for the first nine months increased by 10%, totaling SEK 4,340 million, with operating profit up 22% at SEK 1,019 million.

There is strong demand for mountain holidays, reflected by a 9% increase in bookings ahead of the 2024/25 winter season. International guests have contributed significantly to this growth, leading to increased sales across all weeks, according to CEO Stefan Sjöstrand.

A conference call and web presentation will take place on Thursday, June 20, 2024, at 10:00 a.m. CEST. The presentation and a recorded version will be available on the webpage after the event. Further details for participation can be found on the provided links. SkiStar AB aims to create memorable mountain experiences and sustainable destinations in Scandinavia.

SkiStar AB, listed on the Mid Cap list of Nasdaq Stockholm, operates mountain resorts in Sweden and Norway. With a focus on guest experience and sustainability, SkiStar offers accommodation, activities, and services of the highest quality. For more information, visit www.investor.skistar.com.



Read more at GlobeNewswire:: SkiStar AB Interim Report September 2023-May 2024