Turnover: 1.7 billion EUR (2022)
Country: France
Club Med SAS, commonly known as Club Med and formerly Club Méditerranée SA, is a privately held company headquartered in France, specializing in high-end all-inclusive vacations.
The company is primarily owned by the Chinese Fosun Group and wholly owns or operates more than seventy high-end all-inclusive resort villages in locations around the world.
In February 2015, Gaillon Invest II of Fosun International Ltd. and Silverfern Group completed the takeover of Club Méditerranée S.A for a final sale price of €939 million ($1.07 billion).
may 18, 2021 - Major changes expected in the tourism sector -(Le Figaro)
- Tourism: 10% of GDP in France and 12% of jobs
- Tourism accounts for half of the decline in GDP in France
- The goal was 100 million tourists per year before the crisis
- Americans are not encouraged to return
- Chinese don't travel outside their country
june 17, 2020 - Club Med requires a boost of 240 million euros -(Tourmag)
- 180 million loan agreement guaranteed up to 90% by the state
- 80 million loan agreement with its shareholder Fosun Tourism Group
- January and February 2020: Recurring EBITDA up 20% and current business volume up 8
Revenue collapsed in 2020 and 2021 due to the pandemic, but in 2022 recovered to 2019 levels
Financial Data
DUNS: 572185684
Legal Name: CLUB MED
Address: 11 RUE DE CAMBRAI , 75019 PARIS 19
Number of employees: Entre 2 000 et 4 999 salariés (2020)
Capital: 149 704 804 EUR
Financial Data:
| Year | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Turnover | 1 123 000 000 | 546 000 000 | 454 000 000 | 1 043 000 000 | 1 226 000 000 |
| Gross margin (€) | 662 000 000 | 300 000 000 | 276 000 000 | 630 000 000 | 668 000 000 |
| EBITDA (€) | 107 000 000 | -109 000 000 | -121 000 000 | 96 000 000 | 64 000 000 |
| Operating profit (€) | 83 000 000 | -140 000 000 | -165 000 000 | 51 000 000 | 16 000 000 |
| Net profit (€) | 218 000 000 | -279 000 000 | -221 000 000 | 4 000 000 | -36 000 000 |
| Turnover growth rate (%) | 105,7 | 20,3 | -56,5 | -14,9 | - |
| Ebitda margin rate (%) | 9,5 | -20 | -26,7 | 9,2 | 5,2 |
| Operating margin rate (%) | 7,4 | -25,6 | -36,3 | 4,9 | 1,3 |
| Working Capital (turnover days) | 45,2 | 72,2 | 134,3 | 29,1 | 26,2 |
| Working Capital requirements (turnover days) | -67,9 | -141,7 | -142,3 | -45,8 | -33,3 |
| Net margin (%) | 19,4 | -51,1 | -48,7 | 0,4 | -2,9 |
| Added value / Turnover (%) | 26,8 | 0,7 | 4,2 | 29,7 | 25,2 |
| Wages and social charges (€) | 197 000 000 | 152 000 000 | 140 000 000 | 200 000 000 | 229 000 000 |
| Salaries / Turnover (%) | 17,5 | 27,8 | 30,8 | 19,2 | 18,7 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Henri | Giscard d'estaing | 66 | |
| Directeur Général | Michel | Wolfovski | 66 |
Studies mentioning this company
The vacation village market - France
Other companies mentioned:
The corporate seminar market - France
Other companies mentioned:
The holiday village market - Italy
Other companies mentioned:
- ClubMed
- Alpitour
- IGV Club
- Golfo del Sole
- Robinson Club Italia
- Villaggio turistico internazionale
- Medonoratico- Paraduresort
- Forte Village- Progetto Esemalda