DJ Voyageurs du Monde: Profits up in 2022 and sharp increase in bookings for 2023
Voyageurs du Monde Voyageurs du Monde: Profits up in 2022 and sharp increase in bookings for 2023 09-Feb-2023 / 08:30 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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Press release Paris, 9 February 2023
Profits up in 2022 and sharp increase in bookings for 2023
2022 RESULTS
Having reached the end of the 2022 financial year, the Voyageurs du Monde group expects a sharp increase in earnings in 2022 relative to 2019 (*). As expected at the time of the last announcement on 20 October 2022, sales excluding acquisitions should amount to 88% of the level achieved in 2019 (i.e. around EUR430 million). However, like-for-like earnings (EBITDA, EBIT and consolidated net income attributable to owners of the parent) are expected to be around 20% higher than in 2019, confirming a stronger than expected performance, thanks to solid margins as well as control of operating expenses. Some cost cuts are non-recurring in nature.
Under these conditions, consolidated sales including the acquisitions of Eurofun Group (European market leader in cycling holidays, sales of EUR80 million and EBITDA of EUR4.7 million in 2019) and Extraordinary Journeys (US tailor-made travel specialist, sales of USD13 million and EBITDA of USD0.9 million in 2019), both consolidated as of 1 July 2022, should exceed EUR490 million in 2022 (versus EUR487 million in 2019). Consolidated EBITDA could reach close to EUR45 million compared with EUR33.6 million in 2019, an increase of 34%.
The Company's Board of Directors is due to meet on 18 April to approve the financial statements for the year (unaudited at present) and a press release will be published after market close on the same day.
2023 BUSINESS ACTIVITY
The Group benefited from a sharp upturn in business, with bookings up significantly in the last three months. For the period to 5 February 2023, bookings for departures in 2023 (excluding acquisitions carried out in 2022) were 24% higher than during the same period ending in January 2019 for departures in 2019. This increase is based on a sales volume representing 41% of 2019 sales.
This trend is more evident in tailor-made travel than in adventure travel, which has still seen very strong growth. Furthermore, the Group has also noted an increase in the average spend, particularly in tailor-made travel, which - depending on the brand - is thanks to favourable development in the mix of destinations, higher prices and more services being bought.
Booking for companies acquired in 2022 were also up significantly.
OUTLOOK
Notwithstanding any exceptional public health-related events or adverse international events, the Group could achieve strong sales and earnings growth in 2023 relative to 2022 and 2019, as a result of both the very favourable bookings trend and the full-year consolidation of acquisitions carried out in 2022.
(*) 2019 financial year: 2020 and 2021 sales and earnings are not representative due to the Covid-19 pandemic.
Reminder:
The Group is market leader in France (i) in tailor-made travel (53% of sales), with the Voyageurs du Monde, Comptoir des Voyages, Bynativ, Original Travel and Extraordinary Journeys brands, (ii) in adventure travel (29% of sales), with the Terres d'Aventure, Allibert Trekking, Nomade Aventure, KE Adventure Travel, and (iii) in biking travel (18% of sales) with the Eurofun Group brands.
The shares are admitted to trading on the Euronext Growth market and eligible for PEA PME savings plans.
Contacts:
Voyageurs du Monde Lionel Habasque, Deputy CEO, T: 01 53 73 77 09
Email: lhabasque@terdav.com
Alain Capestan, Deputy CEO, T: 01 42 86 16 57
Email: acapestan@voyageursdumonde.fr
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Regulatory filing PDF file File: Profits up in 2022 and sharp increase in bookings for 2023
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Language: English
Company: Voyageurs du Monde
55 rue Sainte-Anne
75002 Paris
France
Phone: +33 (0)1 42 86 17 00
Internet: www.voyageursdumonde.fr
ISIN: FR0004045847
Euronext Ticker: ALVDM
AMF Category: Inside information / News release on accounts, results
EQS News ID: 1555397
End of Announcement EQS News Service
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1555397 09-Feb-2023 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1555397&application_name=news
(END) Dow Jones Newswires
February 09, 2023 02:30 ET (07:30 GMT)
