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SkiStar's profit increased by 8%, despite sales being slightly below expectations.
Investing.com – Swedish mountain resort operator SkiStar AB (STO:SKIS B) announced on Wednesday that its adjusted operating profit increased by 8% year-over-year in the second quarter.
Second-quarter sales rose 8% compared to the same period last year, reaching 2.99 billion Swedish kronor. This figure was slightly below analysts’ expectations of 3.02 billion Swedish kronor, based on estimates from three analysts.
The company stated that strong demand for mountain vacations drove the quarterly performance. CEO Stefan Sjöstrand noted that the number of ski days sold during this period increased.
Bookings for the 2025/26 winter season decreased by 2.7% year-over-year. However, the company said that bookings for the 2026/27 winter season are on par with the same period last year.
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