SkiStar opens the winter season with record-high bookings - Billion investments in the mountain resorts of the future
Interim Report: September 2021-November 2021
Interim Report: September 2021-November 2021
SkiStar Lodge Hundfjället will now welcome its first guests and visitors looking for an international alpine experience. A family resort close to the slopes that offers every conceivable amenity, opportunity and world-class dining experiences – all under the same roof and with skiing and experiences of nature right outside the door. The SkiStar Lodge Hundfjället opens on 12 December 2021.
The cold bites in the Scandinavian mountains during the week, which is particularly favourable for the snow production and to get high quality conditions for good alpine skiing. Winter is finally here and on December 3 SkiStar’s destinations in both Lindvallen, Sälen, Åre, as well as Trysil and Hemsedal in Norway will open for this year's winter season.
This December, restaurateur and entrepreneur Pontus Frithiof and Thomas Dahlstedt with restaurant group Nordrest, will grace the alpine world with two new restaurants and an impressive bar at SkiStar's new state-of-the-art resort in Sälen - SkiStar Lodge Hundfjället.
Popular hotel at SkiStar destination Trysil nominated in prestigious award. Might once again claim the victory as Norway's best ski resort hotel.
We end a year in which we have delivered positive results, in the middle of an ongoing pandemic, with an extremely strong momentum in business development, acquisitions and divestments. All Swedish and Norwegian destinations remained open throughout the winter season with more new guests visiting us. However, the absence of foreign guests has had an adverse effect on our earnings.
With Sweden and Norway's widest and largest alpine skiing offer for all levels, SkiStar is reaffirming its role as the leading holiday tour operator for Scandinavia this winter. In addition to improvements to the ski systems, several new developments will be introduced, ranging from continuing digital solutions, the new SkiStar Lodge Hundfjället to investment in sustainable mountain destinations.
Skiing in the Scandinavian mountains gets even closer for the upcoming winter season as SAS launches their route from London Heathrow to Scandinavian Mountains Airport on December 26th.
As of 19 December 2021, Dutch company BBI Travel is relaunching its flights from Groningen Eelde Airport to Scandinavian Mountains Airport. The Dutch can return to SkiStar's Scandinavian ski resorts on Thursday and Sunday every week, giving them a more efficient and faster journey.
Great Dane Airlines will operate the route in collaboration with Scandinavian Mountains Airport. The type of pla
As part of SkiStar's work to consolidate its position as the leading holiday tour operator for Scandinavia, the company is now taking a new approach to hotel development in the Scandinavian mountains. SkiStar will operate six lodges and hotels at the company's destinations. The investment is made possible by increasing the pace of real estate development as the company has today agreed with Peab.
On 2 May, the last two of SkiStar’s destinations, Åre in Sweden and Hemsedal in Norway, closed for the winter season, a season which was historic in many ways as the company succeeded in staying open all winter, offering a total of 150 days of skiing. The focus has been on the safety of all guests, employees and residents of the ski resorts, along with good snow conditions and good service.
The strong trend in Scandinavia of active mountain holidays all year round with family and friends is here to stay. To strengthen its position as the leading holiday tour operator for Scandinavia, SkiStar has decided to sell its shares as majority owner of the ski resort St. Johann in Tirol in Austria. The buyer is the Austrian family company Schultz Gruppe, which operates several ski resorts.
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.