SOURCE Whistler Blackcomb
Reported financial results for the six months period ending March 31, 2012. -Whistler had an increases in all key metrics including: revenue, effective ticket price and skier visits. Dave Brownlie who is President and Chief Operating Officer of Whistler Blackcomb Holdings Inc. stated:
“Over the last 12 months our team has been focused on growing skier visits and revenue by driving increased destination skier visits and I am pleased with the results to date. Our fundamentals are strong and we have positive momentum for the remainder of the year and into fiscal 2013.”
Highlights Include:
–22.6% increase in destination skier visits
–Net profit before income tax = $51.8 million, resulting in a $6.7 million (14.8%), increase in compared to the same period last year.
–Cash equivalents of $70.4 million at the end of the period, representing a 20.5% year-over-year increase.
–Revenues reached $174.6 million for the six month period. An increases of $14.8 million (9.2%) over the same period in the prior year. The increases were primarily a result of increased guests.
–Ticket price was $50.46 for the six months period which represents increase of $1.35 (2.8%)
–Total pass and card sales reached $41.5 million – a new record for Whistler Blackcomb, exceeding last year’s record sales to the same date
–Skier visits were 1.799 million for the six month period representing an increases of 0.115 million (6.8%), over the prior year. Management estimates that the increases were driven entirely by visits.
–All major categories of resort revenue increased during the periods as a result of increased destination visits –which typically result in increased spend per visitor.
–The Corporation had $70.4 million of cash and cash equivalents at March 31, 2012. This was an increase of $11.9 million (20.5%) over the balance of $58.5 million at March 31, 2011.
You Done Good Whistler. Dun Good.
All result through March 31, 2012. Detailed financial results of the Corporation and Management’s Discussion and Analysis as of May 8, 2012(“MD&A”) can be found on SEDAR at www.sedar.com and the Corporation’s website atwww.whistlerblackcombholdings.com.
