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E D I T E D V E R S I O N
PVAC.PA - Pierre et Vacances SA
Half Year 2026 Pierre et Vacances SA Earnings Presentation
May 28, 2026 / 08:30AM GMT
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Presentation
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Good morning, everyone. My name is Fran Giry, CEO of our group.
Welcome to our H1 2025 and 2026 half-year results.
There's three of us today. I'm here with Diane Gelac, our CFO, as well as George Semper, Chairman of the board.
This is a two-part presentation, as you can see on the screen, as you will soon be able to see on the screen. Here you go. Sorry about that. All right, part one, our financial presentation. As you can see, our business is resilient. Tourism revenue is up to 6%. Over H1, total revenue comes to $820 million. Adjusted EBITDA is up on last year, so up by $12.5 million, but we are seeing a net loss that has been reduced relative to last year. We know that H1 is usually a
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