Compagnie Des Alpes Wins The New PSD Contract For La Plagne,

Compagnie des Alpes announces that the bid submitted by its subsidiary, the Société d’Aménagement de La Plagne (SAP, 98% owned), has been accepted today by the Syndicat Intercommunal de la Grande Plagne (SIGP), at the public meeting of its union committee. This decision fellows a competitive tender process, for the renewal of the Public Service Delegation (PSD) contract for the La Plagne domain. This 25-year PSD covers the development and operation of the ski area (ski lifts and slopes) as well as the management of intra-resort shuttles and the bobsleigh track. 

This new Public Service Delegation contract will take effect on June 11, 2027, the day after the current contract expires, for a period of 25 years. It allows for the operation of a high-altitude ski area that guarantees long-term skiing, validated by snowfall forecasts, with potential for diversification. It covers the operation of ski lifts, the management of slopes and intra-resort transport, as well as the management of the bobsleigh track. The Group also placed particular emphasis on environmental aspects in its bid.

As part of the application for this renewal, SAP also relied on partners, notably the ESF ski school in La Plagne for the management of the resort's slalom courses, and transport companies Loyet and ABD Voyages for the management of shuttle buses.

Commenting on this decision, Dominique Thillaud, CEO of Compagnie des Alpes, said: "We are particularly pleased and proud that SIGP has chosen Compagnie des Alpes's offer to continue supporting it in managing its domain until 2052. It is a decision that honors us and obliges us. 

"Indeed, it illustrates the quality of the work accomplished by SAP over decades. It also demonstrates that the teams at Compagnie des Alpes, at SAP, and its partners have been able to reinvent themselves to offer the SIGP an innovative vision for the future of La Plagne domain.

"For our shareholders, this Public Service Delegation has been renewed under profitability conditions that are in line with Group standards and will therefore create value for all. 

"Winning this iconic Public Service Delegation was a major strategic challenge for Compagnie des Alpes, which aims to remain a key player in the mountain sector and a preferred partner for local authorities and stakeholders, in line with our commitments and our raison d'être”.

David Ponson, Director of the Ski Areas and Outdoor Activities Division at Compagnie des Alpes, said: "First of all, I would like to thank and congratulate all the teams at SAP, particularly its Management Committee, as well as that of other Compagnie des Alpes entities, for their total commitment to this renewal of the Public Service Delegation agreement and for the richness and quality of the responses proposed in response to the new challenges of tomorrow, as envisaged in this call for tenders.

"This new chapter further anchors Compagnie des Alpes in the mountains and reinforces the pride of our committed and passionate teams.

"This decision by SIGP is above all a magnificent recognition of our expertise and operational know-how in mountain areas. We are therefore honored to stand alongside them as we continue to build the future of this superb domain of La Plagne”.

With more than 2.6 million skier-days, La Plagne is the largest ski resort in the world. This prestigious area has been managed by SAP since its creation. The resort is a network of 11 interconnected village resorts spread over two slopes covering three municipalities (Aime-La-Plagne, La-Plagne-Tarentaise, and Champagny-en-Vanoise). The area itself comprises 225 km of slopes, 133 runs, 95 ski lifts and, most importantly, 79% of the area is located above 2,000 meters in altitude. It is also connected to Les Arcs ski area, which is also operated by Compagnie des Alpes through its subsidiary ADS. The two areas are linked by the Vanoise Express, the world's largest cable car when it opened in 2003.