Pierre et Vacances SA/€VAC

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About Pierre et Vacances SA

Pierre et Vacances SA is a European tourism services company headquartered in Paris, France. It operates in the tourism and real estate development industries, primarily through the brands Pierre & Vacances, Center Parcs, and Adagio. The company provides holiday residences, resorts, and other tourist accommodations. Founded in 1967 by Gérard Brémond, Pierre et Vacances has developed a unique business model combining tourism and real estate. Its operations are largely concentrated in Europe, with a significant presence in France, the Netherlands, and Germany. The company has established a strong market position by leveraging its expertise in both the tourism and real estate sectors.

Ticker

€VAC

Primary listing

PAR

Employees

13,000

VAC Metrics

BasicAdvanced
€743M
91.64
€0.02
2.24
-

Bulls say / Bears say

The Group’s economic revenue for H1 2024/25 declined by just 0.9%, and calendar-adjusted accommodation revenue actually grew by 0.5%, demonstrating resilience in its core tourism operations despite adverse holiday timing effects. (Euronext)
In Q1 2024/25, overall economic revenue was essentially flat year-on-year at €394.7 million (+0.1%), with the Pierre & Vacances brand up 12.8% and Center Parcs up 2.7%, highlighting strong early-year momentum. (BusinessWire)
The Board’s launch of a strategic review with Morgan Stanley and BNP Paribas underscores confidence in value creation opportunities through potential asset-light partnerships or portfolio optimization, likely enhancing long-term shareholder returns. (Euronext)
The Group posted a net loss of €117.0 million in H1 2024/25 after EBITDA of €151.7 million, reflecting heavy depreciation and financing costs which continue to weigh on profitability. (Euronext)
Net financial debt rose to €57.0 million as of March 31, 2025 compared with net cash of €33.0 million at September 30, 2024, indicating seasonal cash burn and heightened leverage risk. (Euronext)
Q2 2024/25 economic revenue fell by 4.8% year-on-year, with key segments such as Center Parcs down 7.5%, exposing sensitivity to operational disruptions like scheduled renovations and calendar shifts. (Euronext)
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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