Ste des Bains de Mer et du Cercle des Etrangers a Monaco

BAIN

Equity

ISIN MC0000031187 / Valor 596114

Euronext - Euronext Paris (2025-03-31)

EUR 102.50+0.49%

Ste des Bains de Mer et du Cercle des Etrangers a Monaco
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About company

Monte-Carlo Société des Bains de Mer operates a distinctive portfolio of luxury hospitality and entertainment services in Monaco, encompassing four high-end hotels, a range of restaurants and nightlife options, casinos, spas, pools, and beach facilities. Each hotel within its collection—Hôtel de Paris Monte-Carlo, Hôtel Hermitage Monte-Carlo, Monte-Carlo Beach, and Monte-Carlo Bay Hotel & Resort—offers a unique experience, reflecting different philosophies and catering to diverse guest preferences. The company's establishments are renowned for their exceptional quality, from Michelin-starred dining and world-class spas to exclusive access to leisure and cultural activities. In addition to its hospitality services, Monte-Carlo Société des Bains de Mer also provides luxury residential living options and organizes events, leveraging its iconic locations and comprehensive amenities to deliver unforgettable experiences in the heart of Monaco.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

Ste des Bains de Mer et du Cercle des Etrangers a Monaco reported consolidated revenue of €704 million for the fiscal year 2023/2024, marking a 6% increase from the previous year's €667 million. This growth was driven by improvements across all business sectors, with the gaming sector increasing by 3%, the hotel sector by 6%, and the rental sector by 9%.

Operating Profit

The operating profit for Ste des Bains de Mer et du Cercle des Etrangers a Monaco in fiscal year 2023/2024 was €73.6 million, a slight increase from €72.2 million in the previous year. The gaming and rental sectors contributed significantly to this improvement, with increases in operating income of €3.8 million and €8.5 million, respectively, which offset a €5.8 million decline in the hotel sector's operating income.

Financial Income

For the fiscal year 2023/2024, Ste des Bains de Mer et du Cercle des Etrangers a Monaco reported a financial income profit of €30.3 million, a significant turnaround from a loss of €5.1 million in the previous year. This positive shift reflects improved financial management and investment outcomes.

Net Income

Ste des Bains de Mer et du Cercle des Etrangers a Monaco's consolidated net income for fiscal year 2023/2024 was €103.9 million, a decrease from the previous year's €896.2 million. The prior year's net income was notably impacted by an exceptional profit of €813.5 million from the sale of a stake in Betclic Everest Group.

Sector Performance

In fiscal year 2023/2024, the gaming sector of Ste des Bains de Mer et du Cercle des Etrangers a Monaco saw a revenue increase to €221.3 million, up from €215.4 million the previous year. The hotel sector's revenue rose to €345.1 million, driven by higher accommodation and catering activity, while the rental sector's revenue increased to €135.4 million, supported by high occupancy and lease indexation.

Summarized from source with an LLMView Source

Key figures

-0.49%1Y

57.2%3Y

83.0%5Y

Performance

26.4%1Y

26.8%3Y

27.6%5Y

Volatility