Half-Year Report September 2020-February 2021: High demand in Sweden and hopes for a good, long winter season in Scandinavia with ski resorts open. Continuing challenges in Norway with its strict entry and quarantine rules in response to the coronavirus, resulting in a loss of foreign guests, which in turn has a negative effect on earnings.
Pontus Frithiof and Nordrest will be setting up in northern Sweden for the first time, as the two restaurants open at SkiStar's new resort, SkiStar Lodge Hundfjället, in Sälen. The two restaurants will have different concepts and specialities, but they will offer something for everyone with a focus on sustainability – good and well-prepared food based on locally produced ingredients.
Interim Report: September 2020-November 2020: Comments from the CEO Stefan Sjöstrand: The coronavirus pandemic continued to affect our operations in the first quarter 2020/21, and the process of Covid-proofing our destinations continued throughout the autumn. SkiStar is introducing a range of precautionary measures to ensure the safety and security of our guests and employees.
SkiStar Hemsedal was first to announce that the resort will be opening for skiing on 11 December, together with SkiStar Trysil, and it's now also clear that SkiStar Åre, Sälen and Vemdalen will be opening during the week commencing 14 December (calendar week 51)*.
During the autumn, SkiStar has worked intensively in Norway and Sweden with destination companies, local and national actors such as the healthcare and emergency services as well as skiing industry organisations to help to protect guests and employees from Covid-19 during the forthcoming ski season. Based on standard industry guidelines, SkiStar is now implementing several safety measures.
Year-End Report
September 2019-August 2020
Fourth Quarter
Net sales for the fourth quarter were SEK 151 (109) million, an increase of SEK 42 million (38 percent) compared with the previous year.Profit after tax was SEK -101 (-206) million, an increase of SEK 105 million (51 percent) compared with the previous year.Earnings per share amounted to SEK -1.23 (-2.57), an increase of 52 percen
New digital solutions that make life easier for guests, improved cancellation and booking changes protection and a host of new, modern lodging properties are at the heart of things as the skiing company presents its winter news.
Comments from the CEO Stefan Sjöstrand: March 2020 was the month that shook not only the world, but SkiStar too, as the spread of the new coronavirus left no-one unaffected. Announcements that our operations in both Norway and Austria had been forced to close were followed by Sweden’s Public Health Agency advising us to also close the Swedish resorts.
Comments from the CEO Stefan Sjöstrand: The spread of the new Coronavirus has not passed anyone unnoticed. On 12 March, we received Norwegian municipal announcements that our operations in both Hemsedal and Trysil had to be closed down. As always, health and safety is our main priority, so the focus has been on employees and guests.
When it comes to snow, it’s hard to beat Norway and Sweden. SkiStar’s five Scandinavian ski resorts have seen great conditions so far this season, with Åre, Sälen and Vemdalen in Sweden and Trysil and Hemsedal in Norway currently enjoying snow depths of between 62 cm and 168 cm.
Easter is the ideal time to get away for a family ski holiday; in fact, it’s something of a tradition in Sweden and Norway. With longer, warmer days, glorious pink sunrises and sunsets and a more chilled-out vibe on the slopes, the Easter holidays are the perfect time to relax and spend time together in nature.
Starting today (February 20), SAS is launching tickets to Sweden and Norway’s largest ski resorts, Sälen and Trysil, for Winter 2020/2021. Direct flights from London Heathrow to Scandinavian Mountains Airport will operate from December 26 2020 to April 3 2021. Accommodation is also bookable at skistar.com.
