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2008-2009: a model that has proved it can withstand a climate of economic depression

  • The resistance of ski areas

    • Abundant snowfall but an unfavorable economic context, which played to the advantage of medium- and low- altitude resorts

  • Decline limited to 12.9 million skier-days (-2% like for like) after a record 2008 season

  • Ski-lift sales up (+2.5 % like for like) because of a 4.6% rise in daily revenue (rise in average visitor

spending, reopening of the Vanoise Express)

  • EBITDA of ski lifts (excl. exceptional items) up €2 million (+1.6%) because of special attention given to

cost control

Compagnie des Alpes at December 15, 2009 - Slide 9

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