Press release - 17 March 2016 11:27

Keen interest in mountain holidays and skiing

Comments from CEO Mats Årjes

After a late start to the season due to mild weather, the business gained momentum from the Christmas and New Year holidays. In summarising the first six months, we are pleased to present the best results in SkiStar's history. More guests in January, partly due to Valle’ s Winter Weeks and SkiStar Business, combined with a good winter half-term break contributed to the improved results. Booking volumes increased by 9 percent from the start of the season to the end of February. A weak Norwegian krone has contributed to an increased inflow of foreign guests, mainly from the Danish market.

Bookings for the remainder of the season are 1 percent higher than for the same period the previous year. An early Easter means a strong booking situation in March and the Company's focus is on improving bookings for April, which included Easter in the previous year.

The acquisition of the Austrian ski resort of St Johann in Tirol is proceeding according to plan. The ongoing due diligence process will be completed shortly and it is then our intention to participate in the new share issue which will bring St Johann EUR 10 million and make it a subsidiary of SkiStar. In St Johann, we have found a good ski resort that enables us to establish SkiStar in the Alps. We look forward with excitement to SkiStar’s continuing development and the rest of this fantastic winter season.

Further information is available from:

Mats Årjes, CEO+46 (0)280 880 80

Magnus Sjöholm, CFO (Acting)+46 (0)280 880 90

Topics

Contacts

Press Service (emergency inquiries only)

Press contact Open from December 2, 2024 to May 1, 2025 For inquiries at other times of the year outside office hours, please contact SkiStar's customer service at +46 771-84 00 00 press@skistar.com +46 280 841 60

Linda Morell

Press contact Head of PR Public Relations linda.morell@skistar.com +46 76 11 860 02

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Keen interest in mountain holidays and skiing
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Visit St. Johann in the Austrian Tyrol and Scandinavia's five largest ski resorts with a single SkiPass

SkiStar is launching its first new offer for guests since adding St. Johann, Austria to its range of ski resorts. Starting from winter 2016/2017, the Tyrolean ski resort of St. Johann will be included in SkiStar's season skipass, MySkiStar All.