Whistler Blackcomb Holdings Inc. Report Results

Whistler Blackcomb Holdings Inc. Reports Results for Quarter Ended March 31, 2013

PRESS RELEASE
WHISTLER, BC (May 8, 2013) – Whistler Blackcomb Holdings Inc. (TSX: WB) today reported financial results for the three and six months ended March 31, 2013. The Corporation holds a 75% interest in the entities that operate Whistler Blackcomb.

Highlights of the period

 

    • Revenue and EBITDA increased as a result of strong Effective Ticket Price (“ETP”) growth and higher revenue per visit.

 

    • Record total season pass and frequency card sales of $43.8 million to March 31, 2013.

 

    • Cash and cash equivalents ended strongly at $77.1 million at March 31, 2013.

 

 

Dave Brownlie, President and Chief Executive Officer of the Corporation, stated “During the quarter, our regional market continued to exhibit strength, with increased skier visits and record season pass and frequency card sales. We also generated increased guest spending per visit during the first half of 2013. As a result, we continued to drive revenue and EBITDA growth and I am pleased with our performance to date this year. As we prepare for our upcoming summer season, our team is focused on building on the momentum that our business experienced last year.”

To view the complete reported results please visit, http://www.whistlerblackcombholdings.com