Pierre & Vacances has reported a net loss of 93.1 million euros for the first half of 2022-23, stable on a year-on-year basis, with adjusted EBITDA up 28% to -46.8 million, on sales up 13.1% to 808.8 million.

In addition to strong growth in tourism sales (+20%), the group explains that it has benefited from rigorous cost management (30 million euros in confirmed savings for the year, 90% of which have already been secured to date).

The successful execution of the strategic plan, the first-half operating performance and the level of the tourism bookings portfolio to date, enable it to confirm its forecasts for the 2022-23 financial year, raised last April.

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