HOMAIR Vacances is selling vacation stays in c. 5,000 owned mobile-homes located over 97 campsites, among which 13 are own sites.
The Group is focused exclusively on quality sites, with a presence in France, Spain, Italy, Croatia and Portugal.
By the end of March 2008, based on the October 1st until March 31st period, which usually generates slightly over 50% of total yearly bookings, HOMAIR Vacances has recorded EUR 22.7 million of booked sales (including VAT), up 26% vs. the same period during the last fiscal year.
This interim performance is based on the following developments:
Strong growth of booked sales on own campsites
Booked sales have grown above 50% on HOMAIR Vacances own campsites as at March 31st 2008 vs. the same six-months period last year. The Group benefits from the growth in its revenue per mobile-home as well as from the impact of the acquisitions of new campsites. These include a late fiscal 2007 transaction (Les Lacs du Verdon in Régusse) as well as 2008 deals (Ker Ys and Les Tamaris in Saint Nic; Green Park and Le Todos in Cagnes-sur-Mer). For the record, HOMAIR Vacances has also recently announced the acquisition of the Acqua e Sole campsite in Sainte Lucie de Porto Vecchio (Corsica). The impact of this last transaction on Group sales should primarily be enjoyed in 2009.
Strong growth of booked sales on international campsites
Striking new partnerships (and strengthening existing ones) in Spain and in Italy and growth in revenue per mobile-home have enabled HOMAIR Vacances to post a 50% growth of its international booked sales for H1 2008 vs. H1 2007.
These developments are in line with the strategic priorities announced at the IPO and subsequently confirmed at the year-end results’ presentation. While seasonality patterns of bookings cycles do not allow to extrapolate yet these results into a 12-months level, this performance comforts the “above 20%” sales growth target for 2008.
Next press release:
Bookings as at May 31st, 2008
June 6th, 2008 (after market closes)
Corporate website: www.homair-finance.com
E-commerce website: www.homair.com
ISIN Code: FR0010307322
Mnemo Code: ALHOM
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