6.7.2021 07:00:02 CEST | Skitude Holding AS | Additional regulated information
required to be disclosed under the laws of a member state
(Oslo, 6 July 2021) Skitude Holding AS (Skitude, OSE:SKI) reported revenues of
NOK 20.9 million in the fourth quarter of 2020/2021, ending 30 April 2021, and
an EBITDA of negative NOK 12.9 million. The company has a strategy of
consolidating the fragmented industry within digital solutions for the world's
alpine resorts and summer parks and targets 2025 revenues of EUR 80 million.
"The quarter ending 30 April 2021 was another busy period for Skitude with a
special focus on the launch of Catalate, a leading provider of dynamic pricing
solutions for high-volume ticketing businesses. We see a solid and growing
market for our digital solutions as we prepare for the return to more normalized
alpine resort and summer park seasons, " says Bent Grøver, Chief Executive
Officer of Skitude.
Skitude reported revenues of NOK 20.9 million in the period from 1 February 2021
to 30 April 2021, and an EBITDA of -12.9 million. The company has not
consolidated the accounts for the corresponding period the year earlier, but the
company had revenues of NOK 6.8 million and an EBITDA of -20.8 million from 1
July 2019 to 30 April 2020. The cash balance at the end of the quarter was NOK
During the quarter, Bent Grøver and Ivar Blekastad started as Chief Executive
Officer and Chief Financial Officer respectively, in addition to the election of
a new Board of Directors.
"The management and new Board of Directors see a strong potential in Skitude,
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 will continue to be affected by the pandemic, but we expect
more normalized developments ahead. The ongoing resort digitization will
continue with uninterrupted force and we reiterates our 2025 ambition of
revenues of EUR 80 million, " Grøver concludes.
Skitude will present the fourth quarter 2020/2021 financial results, 1 February
2021 to 30 April 2021, at 08:00 CET Tuesday 6 July 2021.
The event will be hosted by Bent Grøver and Ivar Blekastad and can 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.
* Bent Grøver, CEO, +47 95 04 03 92, firstname.lastname@example.org
* Ivar Blekastad, CFO, +47 48 26 36 70, email@example.com
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 Q4 2020 quarterly presentation.pdf -