Compagnie des Alpes Reports Significant Growth for 2023/24

Compagnie des Alpes announced substantial improvements in its annual financial results for the 2023/24 fiscal year. The company achieved record sales across its divisions, with a total of €1,239.2 million, representing a 10.1% increase. The EBITDA rose to €351 million, marking a 14% growth from the previous year. Free cash flow from operations saw a striking growth of approximately 230% to €80 million. A dividend of €1.0 per share is proposed, an increase of 10% from the previous year.

The company succeeded in substantially reducing its carbon footprint, cutting CO2 emissions by 28% compared to 2022/23. This progress exceeds their target set in 2022, moving them closer to their Net Zero Carbon goals for 2030.

Looking ahead, the company expects about a 10% growth in EBITDA for the next financial year, alongside planned industrial investments of around €276 million and continued efforts to reduce emissions by 80% by 2030.