Skistar - Record-High Interest In Skiing Holidays In Scandinavian Mountains

Skistar has reported financial results with comments from the CEO Stefan Sjöstrand:

“It is extremely gratifying that we can present our best half-year result in the company´s history, thanks to the record number of skiing visitors and a particularly strong interest from foreign guests.”

Significant events during and after the period

Strong demand for mountain holidays ahead of the remainder of the 2023/24 winter season, with overnight stays booked through SkiStar up 13 percent on the same time last year.

Half-Year Report: September 2023 – February 2024

Second Quarter

• Net sales for the second quarter increased by SEK 181 million, 8 percent, to SEK 2,531 million (2,350).
• Operating profit increased by SEK 140 million, 15 percent, to SEK 1,072 million (932).
• Capital gains from exploitation operations were included with SEK 0 million (10).
• Cash flow from operating activities increased by SEK 368 million to SEK 1,356 million (988).
• Basic and diluted earnings per share amounted to SEK 10.43 (9.32).

First Six Months

• Net sales for the first six months of the year increased by SEK 224 million, 9 percent, to SEK 2,751 million (2,527).
• Operating profit increased by SEK 126 million, 26 percent, to SEK 607 million (481).
• Capital gains from exploitation operations were included with SEK 0 million (11).
• Cash flow from operating activities increased by SEK 425 million to SEK 1,578 million (1,153).
• Basic and diluted earnings per share amounted to SEK 5.53 (4.35).