Today techs COMPAGNIE LEBON: 2022 half-year outcomes

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Paris, September 21, 2022 at 7:30 p.m.

Accounts of 1er Semestre 2022

Firm Lebon :

Dynamihow constructive of l‘funding, reprise confirmed working professions

  • Web earnings group share half-yearly : +5,7 M€ in 2022 versus –1,4 M€ in 2021
  • Revalued internet belongings as of June 30 2022 : 224,4 M€ in augmentation from 3.2% in contrast au

December thirty first 2021i.e. an NAV per share of 191,35

  • Cturnover in big enhance (+410% in comparison with June 30, 20201)
    • Implementation of strategic adjustments

« Ce bon first semester marks each the sturdy resumption of lodge actions, the gradual return of spa company, and the efficiency of our funding actions, strengthenedes by our latest initiatives within the segments of the small regional cape and mid/ giant worldwide course. The market surroundings is fluctuating and we stay vigilantants in our funding orientations and on the evolution of our shopperare you humbrellatelst et thermhowever», says Philippe Aoun, Managing Director.

Presentation of accounts by enterprise section (IFRS 8)i

The Group’s actions are organized round 2 sectors and 4 companies:

  • The Monetary sector brings collectively the companies of Personal Fairness and Actual Property.
  • Themector Exploitation contains the Hospitality and Thermalism companies in addition to the Patrimonial Exercise (head workplace and debt administration company)
Turnover (M€) 30.06.2022 30.06.2021 Variation 06.2022/2021
Immovable 4,4 0,4 +961%
Capital funding 1,0 0,2 +390%
Whole monetary sector 5,4 0,6 today techs vertical-align: middle ; “>+776%
Hospitality (Spirit of France) 22,2 3,9 +469%
today techs “>Hydrotherapy (Sources ofSteadiness) 6,4 2,0 +212%
Heritage exercise 0,1 0,1 +5%
Whole working section 28,7 6,1 +373%
TOTAL COMPANY LEBON 34,1 6,7 +410%
figures from the section presentation of the accounts (IFRS 8)
(Web earnings in Group share)
30.06.2022 30.06.2021 Variation 06.2022/2021
Immovable 0,5 -0,3 THAT
Capital funding 6,7 3,8 +78%
Whole monetary sector 7,2 3,4 +109%
Hospitality (Spirit of France) 0,9 -3,2 THAT
Hydrotherapy (Sources ofSteadiness) -1,4 -1,2 -15%
Heritage exercise -1,1 -0,4 -134%
Whole working section -1,5 -4,9 THAT
figures from the section presentation of the accounts (IFRS 8)
Web Asset Worth (M€) 30.06.2022 31.12.2021 Variation 06.2022/12.2021
Immovable 39,4 43,5 -9%
Capital funding 88,4 78,9 +12%
Whole monetary sector 127,7 122,4 +4%
Hospitality (Spirit of France) 131,1 124,1 +6%
Hydrotherapy (Sources ofSteadiness) 18,3 17,3 +5%
today techs middle ; “>Heritage exercise -52,7 -46,3 +14%
today techs vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: middle ; “>Whole working section 96,7 95,1 +2%
TOTAL COMPANY LEBON 224,4 217,5 +3,2%

Laudit procedures on the consolidated accounts are at school.

Monetary Sector: a constructive semester pushed by sustained exercise

  • Capital funding : sustained exercise on 1is semester

As a part of the event of the exercise, the 1is semester was marked by the acquisition of fifty.01% of Re-Sources Capital and the event of a co-investment exercise concentrating on worldwide transactions, in partnership with Andera Companions.

The valuations of PMC’s holdings stay unchanged, whereas the third-party fund exercise advantages from the constructive affect of the efficiency of the PMC II, Checkers and Re-Sources Capital portfolios.

The contribution to internet earnings from funding capital is thus €6.7 million at 06/30/2022 in comparison with €3.8 million at 06/30/2021.

  • Immovable : a number of assignments realized over the semester

The actual property enterprise was marked by the sale of 4 belongings from the Straw portfolio and the final two belongings from the Eleven portfolio.

Actual property NIGS was €0.5m at 06/30/2022 in comparison with -€0.3m at 06/30/2021.

The monetary sector as an entire contributes €7.2 million to internet earnings as of 06/30/2022 in comparison with €3.4 million as of 06/30/2021, i.e. a rise of 109%.

The NAV of the monetary sector stood at €127.7m on the finish of June 2022 (vs. €122.4m at December 31, 2021) as a result of adjustments within the worth of our investments and adjustments in fairness.

Operations sector: lodge and spa takeover

  • Resort : exercise in good reprise

All lodges skilled a robust upturn in exercise in 1is half of 2022 after two years impacted by the well being disaster. A number of the Group’s historic lodges even exceeded their 2019 exercise figures.

Thus, the occupancy price (TO) reached 65% for the entire of 1is semester towards 19% within the 1is half of 2021, nonetheless down in comparison with the 1is half of 2019 (74%) because of the affect of the Omicron variant on the exercise of the primary two months of the 12 months, whereas the common value is up 24% in comparison with the 1is semester 2019.

The Le Pigonnet lodge opened in mid-February after its winter closure, and the Place du Louvre lodge in Paris reopened its doorways on the finish of Might after nearly 2 years of closure because of the well being disaster.

The turnover of the lodge business of 1is half 12 months amounted to €22.2 million, up sharply in comparison with 2021, thus returning to its 2019 stage.

NIGS for the lodge business stands at €0.9m at 06/30/2022 in comparison with -€3.2m at 06/30/2021.

  • Hydrotherapy: reboot progessif

Hydrotherapy exhibits a efficiency barely beneath forecasts for the primary 3 months of exercise as a result of a number of exterior elements, and particularly the affect of the electoral calendar on reservations in Might and June, the drop in buying energy and a historic clientele extra impacted by the Covid epidemic.

Hydrotherapy gross sales amounted to €6.4 million, larger than the 1is semester of 2021 which had recognized lower than 2 months of exercise.

NIGS amounted to -€1.4m at 06/30/2022, due particularly to the affect of finance leases on the consequence.

The NAV of lodges and hydrotherapy elevated by €8 million in comparison with 31/12/2021 below the impact of the restoration in lodge exercise but in addition of the investments revamped the interval with the acquisition of the villa Pomone in Aix-en-Provence and the Hôtel du Parc in Allevard.

The online earnings for the heritage exercise is -€1.1m at 06/30/2022 in comparison with -€0.4m at 06/30/2021.

In conclusion, the working sector recorded an enchancment of €3.4 million in its consequence, to -€1.5 million at 06/30/2022 (vs -€4.9 million at 06/30/2021).

Challenges for the second half of 2022

Funding professions:
The group godShowerse its opening technique at administration on behalf of tiersa s’appuyant on sentrepreneur-investor companions.

The non-public fairness exercise continues the developments in progress:

  • Native funding capital exercise with Re-Sources Capital to establish new areas based mostly on a mannequin similar to that of Hauts-de-France
  • Funding and advertising with our companions within the PMCI fund (Paluel-Marmont Co-Make investments) on the twoe semester, following the launch of this new Personal Fairness technique in partnership with Andera Companions. A primary operation was signed in July.

In actual property, in a context of sturdy competitors between gamers, the seek for and choice of new belongings should make it attainable to reconstitute the portfolio.

Actions to strengthen theattractiveness and profitability in operations

The exercise of today techs the Esprit de France lodges was sustained throughout the summer season, notably in July with an OR of 85%. Esprit de France is continuous its work on the standard of service and is getting ready a lodge renovation plan, with particularly the extension and renovation of the Hôtel Mansart and the Hôtel du Pigonnet, the renovation of the Hôtel de la place du Louvre and lightweight renovation work within the different lodges. On the similar time, advertising and gross sales methods are being adjusted to adapt to buyer expectations.

Our spas file a great stage of attendance in August and September. In Allevard, the Hôtel du Parc renovation mission is underway.

“The agility of Compagnie Lebon’s groups ought to allow the group’s companies to adapt to present macroeconomic adjustments, and to hold out the event of our funding and working companies. concludes Pascal Paluel-Marmont, President.

About the Firm Lebon :

Compagnie Lebon, an organization listed on Euronext Development Paris, is managed by the Paluel-Marmont household and develops 4 complementary companies. The monetary sector contains funding companies in non-public fairness and actual property. The working companies embrace the lodge business with the Hôtels Esprit de France, hydrotherapy with the Thermes Spa and the Sources d’Equilibre lodges, in addition to a heritage exercise. ISIN Code: FR0000121295.

Subsequent monetary communication assembly :

Half-year outcomes presentation assembly: September 23, 2022

Contact buyers and analysts :
Compagnie Lebon – Anne-Sophie Caux – Tel: 01 44 29 98 00 –

Media contacts :
Picture Sept Claire Doligez –

i Compagnie Lebon presents its monetary statements in IFRS 8 format. This presentation offers a direct studying of the assorted actions as they’re managed, and offers a greater understanding of the actions by way of a sector-based strategy.
The transition between the IFRS accounts, validated by the Board of Administrators, and the section presentation of monetary info (IFRS 8) contains the next principal restatements:

For the lodge business:

  • Integration of the earnings assertion of Madeleine Premier in full consolidation and never in the results of corporations accounted for utilizing the fairness technique,
  • Neutralization of the impacts of IFRS 16,

For Personal Fairness:

  • Valuation of direct holdings in Sécurinfor and Quadrilatère at truthful worth and never as consolidated subsidiaries.

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