Press release - 29 April 2016 10:25

SkiStar becomes majority shareholder in Austrian ski resort St. Johann

SkiStar has signed an agreement and will, through a rights issue, become the majority shareholder in the Austrian ski resort of St. Johanner Bergbahnen GmbH. SkiStar will pay a share issue proceeds of EUR 10 million and thus become the owner of 68 % stake in the company.

St. Johann is located in the Austrian Tyrol, 125 km from Munich and 95 km from Innsbruck. The company currently has about 300,000 skier days, sales of about EUR 7 million mainly from ski pass revenue and a profit after tax of EUR 0.2 million. Total assets before the issue were valued at about EUR 16 million.

SkiStar, CEO Mats Årjes comments:

In St. Johann we have found a good ski resort for establishing SkiStar in the Alps. With our knowledge and concepts, the destination’s location and an ongoing hotel expansion in the area, we see good development potential.

We can now offer a European ski resort to our guests to complement our Scandinavian destinations. This also gives us an opportunity to profile St. Johann as a SkiStar destination that focuses on family ski experiences for a European audience. We see our establishment in the Alps and at St. Johann as a stimulating and exciting step for SkiStar.

For further information contact:

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

Related media

SkiStar becomes majority shareholder in Austrian ski resort St. Johann

SkiStar becomes majority shareholder in Austrian ski resort St. Johann
License: Media Use
The content may be downloaded by journalists, bloggers, columnists, creators of public opinion, etc. It can be used and shared in different media channels to convey, narrate, and comment on your press releases, posts, or information, provided that the content is unmodified. The author or creator shall be attributed to the extent and in the manner required by good practice (this means, for example, that photographers should be attributed).
File format: .pdf

SkiStar is offered to acquire a ski resort in Austria and reports record high booking volume at Swedish and Norwegian destinations for the current season

SkiStar has been invited to participate in a preferential rights issue for shares in St. Johanner Bergbahnen GmbH. Acceptance of the offer means ownership of about 68 percent of the company’s shares. In conjunction with the offer, a letter of intent was signed between SkiStar and representatives of the three largest current shareholders stating that they will not participate in the share issue.

22 June 2016 09:02

Successful winter season continues in third quarter

After a late start to the season due to mild weather, business gained momentum from the Christmas and New Year holidays. More guests in January, mainly due to Valle’s Winter Weeks and SkiStar Business, combined with good winter and Easter breaks, contributed to the improved results. A weak Norwegian krone has brought an increased inflow of foreign guests, mainly from the Danish market.

17 June 2016 11:03

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.