SkiStar Profit Rises 8% Despite Minor Sales Miss

SkiStar Reports 8% Profit Growth on Strong Demand

Swedish mountain resort operator SkiStar AB announced an 8% year-over-year increase in adjusted operating profit for the second quarter. The growth was primarily driven by strong demand for mountain holidays and a notable increase in the number of skier days sold during the period.

Quarterly Financial Performance

Second-quarter sales also rose by 8%, reaching SEK 2.99 billion. However, this figure fell just short of the SEK 3.02 billion anticipated by analysts. The company attributed its robust performance to sustained consumer interest in mountain tourism despite the minor revenue miss.

Market Outlook and Bookings

Looking ahead, the company reported a mixed booking outlook. Booking volumes for the upcoming winter 2025/26 season have declined by 2.7% compared to the previous year. In contrast, bookings for the winter 2026/27 season currently remain unchanged from last year's levels.

Summary

SkiStar's second-quarter results show solid profitability and revenue growth, though slightly below market expectations. The decline in near-term future bookings presents a key factor for investors to monitor, while long-term demand appears stable for now.

FAQ

Q: What was SkiStar's adjusted operating profit growth in Q2?
A: SkiStar reported an 8% year-over-year increase in adjusted operating profit.

Q: How did SkiStar's Q2 sales compare to expectations?
A: Sales grew 8% to SEK 2.99 billion, slightly missing analyst expectations of SEK 3.02 billion.

Source: Investing.com