Mild winter hits Skistar profits

The mild winter has led to reduced profits for Sweden’s largest ski resort operator, Skistar. Pre-tax profits were 89 million kronor ($12 million) for the first six months of Skistar’s financial year, down from 133 million in the same period the previous year.

Turnover at the company was down to 702 million kronor from 707 million the previous year.

“The unusually mild weather in December and the beginning of January meant that [the ski resort] Sälen could only offer limited opening of the ski system, which has led to operating profits in Sälen during the period falling by 49 million kronor to 20 million kronor,” the company wrote in the report.