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26 / 33

Outlook for 2010: acquisition of Deux Alpes Loisirs

  • Potential operating upsides:

    • Margins below CDA average: ~30% vs. ~36%

    • Related activities to be optimized

    • Synergies throughout the Group: the first step being the appointment of a shared Managing Director with Serre Chevalier Vallée

Compagnie des Alpes at December 15, 2009 - slide 26

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