ALPES (COMPAGNIE)

What ALPES (COMPAGNIE) does

Compagnie des Alpes (CDA), publicly listed on Euronext Paris since 1994 under ticker EPA:CDA, is a major European operator of active leisure assets headquartered in Paris. The company runs a diversified portfolio of 10 French Alpine ski domains (including La Plagne, Les Arcs, Tignes, Val d'Isère, Méribel, Serre Chevalier, Flaine, Samoëns, Les Menuires, and Pralognan-la-Vanoise) and 12 leisure parks across France, Belgium, the Netherlands, Germany, and Austria (Parc Astérix, Futuroscope, Walibi Rhône-Alpes, Grévin Paris, France Miniature, Walibi Belgium, Walibi Holland, Bellewaerde, Familypark, and Belantis). Several ski areas and parks are operated under long-dated Public Service Delegations, most recently a 25-year La Plagne renewal in November 2025.

The business is vertically integrated beyond park and slope operations: Travelfactory/Travelski/Yoonly provide packaged holiday distribution through 1,000+ works councils and 3,000+ travel agencies; Mountain Collection Immobilier manages 2,800+ Alpine properties across 31+ agencies; MMV operates 17 mountain club resorts serving 150,000+ guests; Groupe Urban runs 33 football-5 and padel centers; Ingelo provides in-house ski-lift and snowmaking engineering; and Les Ateliers Grévin manufactures wax figures. Technology investments include IBM watsonx Orchestrate at Serre Chevalier, GreenYellow photovoltaic canopies (5.3 MWc) and EV charging at multiple parks, and the Prinoth LETIWOLF LTE-MOTION electric snow groomer.

Revenue is generated primarily through transaction-based streams: leisure park admissions, ski pass and lift ticket sales, packaged holiday commissions, real estate commissions on seasonal rentals and transactions, and sports facility bookings. FY 2023-2024 consolidated revenue was €1,239M (+10% YoY) with EBITDA of €351M; H1 2025-2026 sales reached €882.7M (+3.9%) and EBITDA €328M (+5.0%). The customer base is overwhelmingly B2C, supplemented by B2B distribution and B2B technology/infrastructure partnerships. CDA has committed to Net Zero Carbon (Scope 1 & 2) by 2030 and holds multiple B Corp, ISO 9001/14001/50001, Green Key, and Flocon Vert certifications across its sites.

Name

ALPES (COMPAGNIE)

Legal name

Compagnie des Alpes

Website

https://compagniedesalpes.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Compagnie des Alpes is a publicly listed European active leisure operator running 10 French Alpine ski domains, 12 leisure parks across five countries, packaged holiday distribution, mountain real estate, club resorts, and urban sports facilities under long-dated public concessions, serving millions of individual leisure consumers annually.

Ownership category

akta.pro rank

Product category

Leisure and Mountain Resort Operations

NAICS

Skiing Facilities (713920), Skiing Facilities (71392), Tour Operators (561520)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-Amusement & Recreation Services (7900), Services-Membership Sports & Recreation Clubs (7997)

akta.pro primary industry

Integrated Ski & Mountain Resorts (Lift-Served Skiing/Riding) (THAAAJAA)

akta.pro secondary industries

Ski & Mountain Full-Service Hotels (THAGAAAJ), Sports & Active Travel Agencies (e.g., ski, golf, dive) (THAKAFAJ)

Keywords

• Ski resort operations
• Leisure park operations
• Mountain hospitality
• Packaged holiday distribution
• Alpine tourism

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Leisure Park Admissions: Ticket sales from 12+ leisure parks across France, Belgium, Germany, Netherlands, Austria, and Switzerland including Parc Astérix, Futuroscope, Walibi properties, Grévin Paris, France Miniature, Familypark, Belantis, and Chaplin's World
2. Ski Passes and Lift Tickets: Revenue from 10 ski areas in the French Alps including La Plagne, Les Arcs, Tignes, Val d'Isère, Les Menuires, Méribel, Serre Chevalier, Flaine, Samoëns, and Pralognan-la-Vanoise
3. Travelfactory Package Holidays: Packaged ski holiday distribution through Travelski marketplace and Yoonly brands, integrating accommodation, ski passes, equipment rental across French Alps, UK, Belgium, Netherlands markets
4. Mountain Collection Real Estate: Network of 31+ real estate agencies managing 2,800+ properties across major French Alpine resorts, earning commissions on seasonal rentals, property transactions, and rental management
5. MMV Club Holidays: Club holiday operator with 17 mountain resorts offering Villages Club and Résidences Club accommodations, serving 150,000+ guests annually with full-board and self-catering options
6. Sports Facilities (Urban Group): Football 5 and padel center operations through Urban Group acquisition (83% stake), serving 3.75 million players annually across 33 centers in France plus Portugal

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Compagnie des Alpes operates 10 ski areas in the French Alps and 12 leisure parks across France, Belgium, Germany, Netherlands, Austria, and Switzerland (including Parc Astérix, Futuroscope, Walibi Rhône-Alpes, Grévin Paris, and France Miniature). It also runs mountain hospitality (MMV Club Holidays), packaged holiday distribution (Travelfactory/Travelski), real estate services (Mountain Collection Immobilier), and sports facilities (Groupe Urban).

Product overview

Compagnie des Alpes operates a diversified leisure and mountain resort portfolio spanning 12 leisure parks (Parc Astérix, Futuroscope Xperiences, Walibi Rhône-Alpes, Grévin Paris, France Miniature, and international parks in Belgium, Germany, Austria, and Switzerland), 10 ski domains in French Alps (La Plagne, Les Arcs, Tignes, Val d'Isère, Les Menuires, Méribel, Serre Chevalier, Flaine, Samoëns, Pralognan-la-Vanoise), distribution and hospitality services (Travelfactory tour operator, MMV Club holidays, Mountain Collection Immobilier), and specialized subsidiaries (Ingelo engineering, CDA Management consulting, Les Ateliers Grévin workshops). The company offers integrated mountain experiences combining ski access, accommodation, and leisure activities.

Differentiator

Problem solved

Functional benefit

Brands

• Les Arcs: Ski area in Savoie, France, operated by ADS - part of Paradiski with 435 km of slopes
• La Plagne
• Futuroscope Xperiences
• Parc Astérix
• Walibi Rhône-Alpes
• Walibi Belgium
• Bellewaerde
• Belantis
• Familypark
• Walibi Holland
• Grévin Paris
• France Miniature
• Urban Soccer
• Urban Padel
• MMV
• Travelski
• Yoonly
• Mountain Collection Immobilier
• Ingelo
• CDA Management
• Les Ateliers Grévin

Products and services

• Parc Astérix Iconic French theme park featuring over 40 attractions based on the Astérix universe, three themed hotels, and seasonal events, serving families and thrill-seekers
• Futuroscope Xperiences France's first theme park featuring immersive technology-based attractions, Aquascope water park, and multiple hotels, welcoming 2.6 million visitors
• Walibi Rhône-Alpes Regional leisure park with over 30 attractions, water attractions, and seasonal events like WAAAlloween, serving families in the Rhône-Alpes region
• Grévin Paris Historic wax museum featuring over 250 celebrity wax figures, architectural heritage of 1900s Paris, and Les Ateliers Grévin artistic workshops
• France Miniature Miniature theme park with 117 French monuments at 1:30 scale, 2,000 models across 5 hectares with 14 interactive experiences
• Les Arcs / Peisey-Vallandry Ski Domain Pioneer ski resort offering 200 km of alpine slopes, linked to La Plagne via Vanoise Express forming 425 km Paradiski area
• MMV Club Holidays Club holiday operator offering Villages Club and Résidences Club across 17 mountain resorts in French Alps, serving 150,000+ guests annually
• Travelfactory / Travelski Packaged mountain holiday provider in France operating Travelski marketplace and Yoonly brand, distributed via online platforms, 3,000+ travel agencies, and works councils
• Mountain Collection Immobilier Leading real estate agency network in French Alps operating 31+ agencies across 14 resorts managing 2,800+ properties for seasonal rentals and transactions
• CDA Management Consulting International consulting business offering concept development, master planning, construction assistance, and operational support for ski areas and leisure parks
• Ingelo Engineering Engineering subsidiary providing technical studies, project engineering, manufacturing, construction, and snowmaking optimization for Group sites and external clients
• Groupe Urban (Urban Soccer / Urban Padel) Number 1 provider of 5-a-side football and co-leader in padel in France, with 33 centers serving 3.75 million players annually across France and Portugal
• International Leisure Parks Portfolio International portfolio of leisure parks including Walibi Belgium, Bellewaerde, Walibi Holland, Familypark (Austria), and Belantis (Germany)

Quantifiable outcome

• Record revenue of €1,239 million in FY 2023-2024, up 10% year-over-year
• +4 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor, core and flagship.

• Compagnie Chargeurs InvestminorOthers · 31 March 2026CDA finalized sale of Chaplin's World subsidiary (By Grévin SA) to Compagnie Chargeurs Invest. Site located in Vevey, Switzerland.
• GreenYellowcoreStrategic or Co-development Partner · 16 March 2026GreenYellow, international leader in decentralized energy transition, partnered with CDA to install photovoltaic solar canopies (5.3 MWc at Futuroscope), 440 EV charging points, and 2 MWh energy storage at Futuroscope, Parc Astérix, and Walibi Rhône-Alpes. First solar canopy inaugurated March 2026 at Futuroscope parking lot.
• IBMflagshipTechnology or Integration · 6 February 2026IBM watsonx Orchestrate deployed at Serre Chevalier ski resort (operated by CDA) for AI-driven customer service automation and operational workflow orchestration. Reduces customer service calls, improves decision confidence, and enables scalable enterprise AI use cases.
• Parques ReunidoscoreOthers · 3 April 2025CDA acquired Event Park GmbH (owner of Belantis amusement park) from Parques Reunidos. Belantis is one of the largest leisure parks in eastern Germany, located in Leipzig region.
• PrinothcoreStrategic or Co-development Partner · 12 December 2024Partnership with Prinoth (first historical snow groomer producer) to industrialize production of high-power 100% electric snow groomers (LETIWOLF LTE-MOTION) assembled in French Alps. Marks beginning of zero-emission slope grooming era.
• Global Sustainability Ski AlliancecoreStrategic or Co-development Partner · 19 November 2024CDA joined Global Sustainability Ski Alliance alongside KitzSki (Austria), Kronplatz (Italy), LAAX (Switzerland), Levi Ski Resorts (Finland), NZSki (New Zealand), Oberstdorf Kleinwalsertal Bergbahnen (Germany), and SkiStar (Sweden, Norway). Alliance operates 800+ ski lifts and serves ~25 million skier-days annually.
• Groupe Urban (Soccer 5 France SAS)coreOthers · 13 June 2024CDA finalized acquisition of 83% of Soccer 5 France SAS (Groupe Urban), France's #1 in football 5 and co-leader in padel. Urban serves 3.75 million players annually across 33 centers in France plus Portugal.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vail Resorts: NYSE-listed operator of leading North American mountain resorts (Vail, Park City, Whistler Blackcomb) plus lodging and real estate. Closest direct peer to CDA's ski-resort + lodging + real estate vertical on a global basis.
• Alterra Mountain Company: US operator of Ikon Pass-affiliated ski areas (Steamboat, Mammoth, Tremblant, etc.) with a similar scale and multi-resort mountain platform approach. Comparable to CDA's 10-ski-area portfolio and multi-resort pass strategy.
• Europa-Park: Germany's largest theme park, family-operated, with hotels and a major water park expansion. Comparable European regional theme park competitor with multi-day resort model similar to Parc Astérix and Futuroscope.
• Parques Reunidos: Spanish operator of regional theme parks, water parks, and family entertainment centers across Europe and the Americas. Directly comparable regional peer; sold Belantis to CDA in April 2025, confirming overlapping strategic footprint.
• Merlin Entertainments: London-based operator of LEGOLAND parks, Madame Tussauds, and SEA LIFE aquariums across Europe, North America, and Asia. Comparable to CDA's diversified European theme park portfolio and branded attraction footprint.
• Puy du Fou: French privately-held historical theme park operator famous for large-scale live shows and multiple themed hotels. Closest French competitor to Parc Astérix and Futuroscope in the premium, multi-day French theme park segment.
• Club Med: Global all-inclusive mountain and beach resort operator owned by Fosun. Closest comparable to CDA's MMV club holiday business in the Alps, particularly on Village Club-style family mountain resorts.

Regional players

• Efteling: Long-established Dutch theme park operator (since 1952) with on-site hotel and theater operations. Closest Benelux regional peer to CDA's Walibi Holland / Walibi Belgium / Familypark portfolio.

Broad incumbents

• Six Flags Entertainment: US-listed operator of large regional amusement parks (legacy Cedar Fair / Six Flags). Broader incumbent peer in multi-park leisure operations with membership/pass dynamics similar to CDA's season passes and club holidays.
• TUI Group: European tourism and leisure conglomerate operating tour operators, airlines, hotels, and cruise ships. Comparable broader incumbent at the intersection of European ski distribution, packaged holidays, and resort operations (Robinson Club overlap with MMV).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/FuturoscopeTV
• Facebookfacebook.com/compagniedesalpes
• LinkedInlinkedin.com/company/compagnie-des-alpes
• TikToktiktok.com/@futuroscope_officiel
• Xx.com/ciedesalpes

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ALPES (COMPAGNIE)