SkiStar updates its financial targets and dividend policy - Seite 2

About the changed accounting practises regarding mediated accommodation revenue
As from Q2 2020/21, all payments from SkiStar’s customers for accommodation are recognised as revenue and the Company’s payments to accommodation owners are recognised as an operating expense under the line ‘Goods for resale’. The Company previously reported the difference between revenue from rental activities and payments to accommodation owners as net commission income under revenue. In order to enable us to create a five-year history examining the effect of the changed accounting practises for accommodation revenue, the data for 2017/18 and 2018/19 is provided below. The recalculations for 2019/20 and 2020/21 are available in the interim report for the period September 2020-February 2021.

SEK million	2017/18 reported	Mediated accommodation	2017/18 adjusted	Change (percentage unit)
Operating income	2,548	+495	3,043
Cost	-1,937	-495	-2,432
Operating profit	611	0	611
Operating margin	24.0%		20.1%	-3.9
SEK million	2017/18 reported	Mediated accommodation	2017/18 adjusted	Change (percentage unit)
Operating income	2,688	+527	3,215
Cost	-2,084	-527	2,611
Operating profit	604	0	604
Operating margin	22.5%		18.8%	-3.7

Capital markets day
Later today, 12 October 2023, in connection with its capital market day, SkiStar will present the company's updated financial targets and dividend policy as well as its strategic priorities.

This information is information that SkiStar AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 12 October 2023, 08.00 a.m. CET.

Further information can be reached from:

Stefan Sjöstrand, CEO, tel [phone].
Martin Almgren, CFO, tel [phone].

SkiStar in brief

The mountain tourism company SkiStar AB (publ) is listed on the Mid Cap list of the Nasdaq  Stockholm exchange. The Group owns and operates alpine ski resorts in Sälen, Vemdalen, Åre and Hammarbybacken (Stockholm) in Sweden, and Hemsedal and Trysil in Norway. Our operations are divided into three segments: Operation of Ski Resorts, Property Development & Exploitation and Operation of Hotels. As the leading holiday organiser for Scandinavia, SkiStar’s business concept is to create memorable mountain experiences, develop sustainable destinations and offer accommodation, activities, products and services of the highest quality with our guests as our focus. For more information, see www.skistar.com/en/corporate.

Attachment

• SkiStar Press Release - SkiStar changes financial targets & dividend policy