Q4 2024 SkiStar AB Earnings Call Transcript
Key Points
- SkiStar AB (FRA:3AJ) achieved a strong organic growth of 10%, surpassing their goal of 6%.
- The company has increased the number of digitally sold and downloaded SkiPasses to nearly 80% of all sales.
- 95% of guests are now using digital check-ins, indicating successful digital transformation efforts.
- SkiStar AB (FRA:3AJ) reported a stable financial position with a net debt to EBITDAR ratio of 1.7, providing room for future expansions.
- The company saw a significant increase in SkiStar members, reaching close to 2 million, up by almost 13%.
- The operating margin goal of 18% was not met, with the company achieving only 16%.
- The company reported a negative operating profit of SEK279 million for Q4, partly due to one-time costs and increased marketing expenses.
- Accommodation revenue was lower this year, impacted by fewer bus guests and the absence of a major event in Are.
- The company faced higher maintenance and advertising costs in Q4, affecting overall profitability.
- There is a lag in bookings from Swedish guests, with around 70-75% still not having booked their winter holidays.
Thank you and also warm welcome everyone to this SkiStar Q4 and the full year report. It will be myself and Martin presenting, and we have an agenda of today where we'll give you as we have done the last three quarters and short recap of our Capital Market Day we had in October 2023, a year ago.
And then we will take you through the Q4 where Martin will begin like a summarize from the drivers from the CMD and also our financial goals. While I will talk about the Q4 and then Martin, again back to the numbers, and then I will give you a short outlook of what's happening going forward.
So let's go with a short recap from the capital -- the CMD day we had a year ago. And we have of course, now updated the numbers versus how it was a year ago. But there is two important numbers which is still remaining, and one is 8 out of 10 of our employees are still very satisfied when going to work every day.
And of course, our employees are crucial when we also have so many guests in our destinations and our coworkers, employees
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