Compagnie des Alpes Stock Rises 5.71% at Midday
Compagnie des Alpes stock shows a significant increase mid-session this Wednesday, December 3, climbing 5.71% to EUR 24.05. This performance follows the release of what the management called 'historic' annual results and forecasts that exceeded market expectations.
Current Trading and Recent Performance
Compagnie des Alpes shares traded at EUR 24.05 at midday this Wednesday, December 3, marking an increase of 5.71% from the previous day's close of EUR 22.75. Trading volumes remain modest with 0.14% of capital exchanged, but the CAC 40 is down 0.05% at 8,070.55 points, highlighting the stock's resilience in a sluggish market. This rise is part of a sustained medium-term upward trend: the stock has jumped 18.77% over a week and has shown a performance of 63.38% over a year, significantly outperforming the Paris index, which has risen 11.52% over the same period. Over three months, the stock has still gained 13.18%, confirming growing investor interest in the ski area and leisure park specialist. The upward movement of the day follows the announcement on Tuesday, December 2, of annual results showing strong growth for the fiscal year 2024-2025, which ended on September 30. The operating profit increased by 21.9% to EUR 192.8 million, and the net profit attributable to the group rose by 15.8% to EUR 107.1 million. The company will propose a dividend of EUR 1.10 per share at the next General Meeting on March 11, up 10% from the previous year. This payment, higher than analysts' expectations such as Oddo BHF, which had forecast EUR 1.05, is a strong signal of confidence from the management in the group's ability to generate more cash flow.
Strategic Developments and Future Outlook
The announcement on Tuesday of the opening of a first Asterix Park in Germany also fueled investor enthusiasm. The group will transform the Belantis park, acquired in April 2025 for EUR 22 million in eastern Germany, with a first area dedicated to Idefix inaugurated in spring 2026 and an official name change planned for 2030-2031. For the fiscal year 2025-2026, Compagnie des Alpes aims for a growth in its operating surplus close to 10%, a slowdown compared to 2024-2025 but excluding capital gains related to the sale of immobilized assets from Tignes. This forecast exceeds the expectations of Oddo BHF and the consensus, which are respectively at 8% and 5%. In the medium term, the operating surplus is expected to reach at least EUR 500 million within 3 to 4 years. Moreover, at the end of November, the group secured the renewal of the public service delegation contract for the La Plagne area for 25 years starting from June 2027, representing a cumulative turnover of about EUR 5 billion and almost doubling the group's backlog. This series of strategic announcements enhances visibility on future revenues and justifies the positive market reaction, in a context where the leisure sector is regaining color after several mixed years.
Technical Analysis and Market Position
Technically, the stock is now trading well above its 50-day moving average set at EUR 20.75, confirming the strength of the short-term upward trend. The RSI at 82 indicates a marked overbought condition, suggesting a possible short-term exhaustion after the recent strong performance. The stock has broken through its resistance at EUR 23.60 and is approaching the upper Bollinger band set at EUR 22.53, now surpassed. The MACD shows a positive setup with a MACD line at 0.47 above the signal line at 0.12 and a histogram at 0.35, confirming the bullish momentum in place. The widening gap between the 50-day and 200-day moving averages, the latter at EUR 19.36, underscores the magnitude of the recovery over the period. The low one-month volatility of 8.13 and a beta limited to 0.07 reflect a relatively stable stock compared to the market, but investors are now applauding the regained growth trajectory and reinforced ambitions for the coming years.
