From GlobeNewswire: 2024-12-19 01:00:00

SkiStar AB reports stable demand for mountain holidays in the first quarter of 2024, with net sales decreasing by 3 percent to SEK 212 million. Operating profit also decreased by 4 percent to SEK -482 million. Cash flow from operating activities increased by SEK 62 million. The company appoints Sara Jinnerot Uggelberg as the new CFO.

CEO Stefan Sjöstrand notes a stable demand for mountain holidays despite a weaker economy, citing people’s continued prioritization of these vacations. SkiStar’s AGM decided to pay a dividend of SEK 2.80 per share. A conference call and web presentation are scheduled for December 19, 2024, at 10:00 a.m. CET.

SkiStar AB operates mountain resorts in Sweden and Norway, offering accommodation, activities, and services of the highest quality. The company’s business concept is to create memorable mountain experiences and sustainable destinations. SkiStar is listed on the Mid Cap list of the Nasdaq Stockholm exchange. For more information, visit https://investor.skistar.com/en.



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