Pierre & Vacances: slight net loss for the year
The Group recorded double-digit growth in its tourism business (+12.8% year-on-year and +27.6% year-on-year in 2019), taking total sales to a record €1.91 billion (+8.2%).
Given the business momentum at the start of the first half and the rigorous execution of the ReInvention plan', Pierre & Vacances forecasts adjusted EBITDA of between €145 and €150 million for fiscal 2024.
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