15.9.2021 07:00:00 CEST | Skitude Holding AS | Additional regulated information
required to be disclosed under the laws of a member state
(Oslo, 15 September 2021) Skitude Holding AS (Skitude Group, OSE:SKI) reported
revenues of NOK 8.4 million in the first quarter of 2021/2022, ending 30 July
2021, and an EBITDA of NOK - 13.0 million. The company has a strategy of
consolidating the fragmented industry within digital solutions for the world's
alpine resorts and summer parks, expects gradual normalized winter seasons and
reiterates the strong long-term outlook.
"The summer period is the low season for Skitude Group, where our main ski
resort business has limited activities at this time at the year, but where we
see a positive development in the annual subscription revenues and waterpark
activities. We continue to focus on the Catalate roll-out, a leading provider of
dynamic pricing solutions for high-volume ticketing businesses, and has a
positive outlook for the gradual return for a more normalized alpine resort
season in the US and Europe, " says Bent Grøver, Chief Executive Officer of
Skitude Group reported revenues of NOK 8.4 million in the period from 1 May
2021 to 30 July 2021, and an EBITDA of NOK -13.0 million. The company has not
consolidated the accounts for the corresponding period the year earlier. The
cash balance at the end of the quarter was NOK 129 million, sequentially down
NOK 19 million from the previous quarter.
"The new management and new Board of Directors see a strong potential in
Skitude Group, leveraging on the solid position within industries with
accelerated digitization. We will continue to optimize and develop our newly
acquired assets and is exploring several potential M&A opportunities. The
world's alpine resorts and summer parks are gradually preparing for more
normalized businesses into 2022, with a pent-up demand from European and
American travelers. In addition, the ongoing resort digitization will continue
with uninterrupted force and we reiterate our 2025 ambition of revenues of EUR
80 million, " Grøver concludes.
Skitude Group will present the first quarter 2021/2022 financial results, 1 May
2021 to 31 July 2021, at 08:00 CET Tuesday 15 September 2021.
The event will be hosted by Bent Grøver and Ivar Blekastad and is streamed at:
The presentation will be held in English and questions can be submitted
throughout the event.
The presentation is enclosed.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
ABOUT SKITUDE HOLDING AS
Skitude Holding AS aims to digitize the market for skiers and other mountain
enthusiasts. Unlike other markets such as tourism, accommodation, restaurants,
touring etc., this market is still mostly analogue. The international group of
companies within the Skitude group has developed a platform on which all of this
can be achieved. As such it provides a meeting place between skiers and ski
resorts. The company's long-term vision is to create a one-stop-shop that offers
all services related to mountain activities.
Skitude Group Q1 2021.pdf -