(BFM Stock Exchange) – The specialist in holiday villages and tourism residences evolves in very strong increase this Wednesday, June 18 after having declared studying strategic options, which could potentially lead to an evolution of his round.
A fragrance of speculation emblems the Pierre & Vacances file this Wednesday, June 18. The specialist in holiday villages and tourism residences said “engaging in a review of strategic options”, a decision “which aims to explore the range of opportunities in order to fully enhance the potential” of the Pierre & Vacances group.
This examination “could if necessary lead to shareholder developments”. Investors have therefore understood very well that there would be potentially agitation in the shareholder structure of the group. On the Paris Stock Exchange, the title Pierre & Vacances reacts strongly to these announcements, leaping by 14.3% this Wednesday afternoon.
Pierre & Vacances did not specify in which forms would take these developments aimed at revealing “fully the potential” of society. The group has made this decision on the basis of the success of a “reinvention” plan, which he has executed in advance on the business plan for the past three years.
A “range of opportunities”
Recall that the group, which was on the verge of bankruptcy, had led a difficult and heavy recapitalization in September 2022, which became inevitable because of the effects of the health crisis on its accounts, already degraded given the accumulation of deficit exercises in the previous ten years.
The company is therefore more serene to explore “the range of opportunities” at its disposal. Pierre & Vacances was surrounded by Morgan Stanley and BNP Paribas “as financial advice to support him in the analysis and, if necessary, the implementation of his strategic options”.
Pierre & Vacances took advantage of these announcements to renew his goal for his main report of profitability, as announced a few weeks earlier. On the sidelines of its 2024-2025 semi-annual results, the company had indicated to aim for the current financial year a gross operating result (EBITDA) of “more than 180 million euros”.
The company also expects growth in activity and its results on its entire staggered exercise 2024-2025, thanks to a “good dynamic of reservations on the second half”.
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