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1 ] Groupe Pierre & Vacances CenterParcs Full - year 2025/2026 revenue Paris , 22 October 2026 Pierre & Vacances - Center Parcs Group Full - year 2025/2026 revenue of € 2 billion , up 2.7 % including growth of 5.5 % for the tourism businesses . 2025/2026 adjusted EBITDA¹ expected to total around € 185 million , in line with guidance.² Franck Gervais , CEO of Pierre & Vacances - Center Parcs , stated : " The Group has ended the 2025/2026 financial year with a further increase in revenue . The performance was achieved in a challenging environment and testifies to the solidity of our business model and the complementary nature of our brands . The quality of operational execution is reflected in improved customer satisfaction . The Group also expects adjusted EBITDA of around € 185 million for this financial year , in line with the guidance announced and up on FY2024 / 2025 . Tourism reservations booked to date for the first quarter of 2026/2027 are higher than the previous year's level across all of the Group's brands . As such , we are heading into the new year with a solid financial base , a strengthened offer and a clear roadmap for profitable growth . I also welcome the prospect of Mubadala Capital taking over from our current shareholders to support the next phase of the Group's growth , subject to completion of the transaction . I would also like to thank all of the Group's teams for their commitment to the customer experience and the quality of execution of our operations . " Highlights of 2025/2026 1.1 Projected acquisition of the Group by Mubadala Capital On 22 June 2026 , as part of the strategic review launched in June 2025 , the Board of Directors of Pierre et Vacances S.A. announced it had received a firm and fully financed offer from Mubadala Capital for all of the Company's outstanding shares , through a voluntary tender offer in cash . On 20 July 2026 , Mubadala Capital and the Group announced that they signed a tender offer agreement , having secured tender commitments representing 80.13 % of the outstanding share capital . The offer is expected to be filed by no later than the first quarter of 2027 , subject to the usual regulatory conditions , the extraordinary bonus distribution having been approved by the AGM of 29 September 2026 . 1.2 . Development of the tourism offering Pierre & Vacances O Partnership with Swisspeak Resorts On 7 October 2025 , Pierre & Vacances announced the signing of a partnership with Swisspeak Resorts to develop a new mountain hospitality offer in Switzerland . Since April 2026 , 338 apartments across four emblematic premium residences are marketed under the Swisspeak Resorts by Pierre & Vacances brand , in preserved destinations in the Swiss Alps . The partnership is based on a franchise model whereby Swisspeak Resorts maintains its identity and local footing , while benefiting from Pierre & Vacances ' brand reputation , commercial clout and revenue management know - how . Opening of new Pierre & Vacances destinations Pierre & Vacances continued its expansion strategy , opening three hotels on lease in Spain ( the Canary Islands ) and Portugal ( the Algarve ) over the year , as well as two holiday residences in France ( on lease in Corsica and under franchise in the Landes ) , for a total number of accommodation units of around 520 . 1 Adjusted EBITDA = current operating profit stemming from operational reporting ( consolidated operating income before other non - current operating income and expense , excluding the impact of IFRS 11 and IFRS 16 accounting rules ) adjusted for provisions and depreciation and amortisation of fixed operating assets . Adjusted EBITDA includes the benefit of rental savings made by the Villages Nature project as a result of the agreements signed in December 2022 ( € 10.9 million in FY 2023 , € 14.5 million in FY 2024 , € 12.3 million in FY 2025 and € 4.0 million in FY 2026 ) . 2 Guidance announced in the press release of 29 September 2025 and confirmed at the half - year results publication on 28 May 2026 . 1