SKIREBEL Magazine

With the world economic crisis crippling much of the world and sending shockwaves everywhere, largest ski resort operator, the Compagnie Des Alpes issued a specific statement regarding the profitability of its operations.
The world’s largest ski resort operating company, Compagnie des Alpes, manages 17 ski resorts in the European Alps made the decision to publish a statement regarding the health of its operations after the French bank and insurance broker, Fortis published a report on the level of indebtness of French companies.
The corporate statement outlined that:

Compagnie des Alpes wishes to emphasize that its financial situation is sound and especially that it is respecting all of its financial covenants.
The capital intensity and sustainability of the Group’s operations are sufficient to warrant long-term debt financing. It has therefore sought long-term maturity dates, chiefly in 2011. Moreover, the lines of credit that Compagnie des Alpes has at its disposal easily surpass its foreseeable needs for financing.”

Compagnie Des Alpes is scheduled to release the 2007/2008 sales figures on October 30.