Earnings release
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Press Release This press release may not be distributed directly or indirectly in the United States of America , Australia , Canada or Japan . Compagnie des Alpes FIRST HALF 2020/2021 SALES AND RESULTS HEAVILY IMPACTED BY THE CONSEQUENCES OF THE HEALTH CRISIS Paris , May 31 , 2021 - The Board of Directors of Compagnie des Alpes , in a meeting chaired by Dominique Marcel , approved the Group's consolidated financial statements for the first half of financial year 2020/2021 . The Group also announced today its strategic priorities and outlook for coming financial years ( " in a press release devoted to these subjects that was released at the same time as this one " ) . ( In € M ) 1st half 2020/2021 ( 2 ) 1st half 2019/2020 Change Change Comparable scope basis ( 1 ) Group Sales 31.5 470.5 -93.3 % -93.0 % o / w Ski Area Sales 2.5 350.2 -99.3 % -99.4 % o / w Leisure Park Sales 27.6 103.2 -73.3 % -73.3 % o / w Holdings & Support Sales 1.5 17.2 -91.5 % -91.5 % Group EBITDA -17.2 148.2 N / S N / S EBITDA / SALES -54.7 % 31.5 % N / S o / w Ski Area EBITDA 31.7 175.6 -82.0 % -79.9 % o / w Leisure Park EBITDA -34.9 -13.3 -162.7 % -162.7 % o / w Holdings & Support EBITDA -14.0 -14.1 + 0.5 % + 0.5 % Operating Income -137.7 74.5 N / S Net Attributable Income , Group -122.6 47.7 N / S Share ( 1 ) The change on a comparable scope basis excludes Sales and EBITDA for 2 Alpes ski resort , which is no longer consolidated by the Group as of December 1 , 2020 . ( 2 ) A limited audit was performed on the half - year financial statements and a report is currently being prepared by the Statutory Auditors . - 1/9 - Commenting on the results for the 1st half , Dominique Marcel , Chairman and CEO of Compagnie des Alpes , stated : " More than a year ago now , a crisis began that would deeply disrupt every aspect of our economies and impact the leisure and tourist industry even more severely . The effects of this crisis continued to play out over the course of the first half , in a way that was even more pronounced than we had imagined . The closure of our sites for almost the entire period resulted in no business for our ski areas and extremely reduced sales for our leisure parks . Because we had a sound financial structure going into the crisis , but also because we were able to demonstrate the agility needed to reduce the impact by adjusting costs and investment expenditures , Compagnie des Alpes was able to meet the moment . I won't forget that in this context we were also able to count on the possibility of using government - backed loans , as well as on a partial offset for the fixed costs paid to ski lift companies , and on the support of our banking partners and bondholders . I would also like to pay homage to the way the Compagnie des Alpes teams were able to stay mobilized . Thanks to their adaptability and their tenacity throughout this difficult period , we are now able to begin seeing the contours of our return to business . The reopening of all our sites is now just a matter of days or