Andorra Ski Operator Setap365 Posts Slim Profit Amid Losses
Setap365 achieved a narrow profit for 2024-2025 season as Canillo stations' €5M gains offset €3.2M losses at Pal and Arinsal, falling short of.
Key Points
- Setap365 slim profit from Canillo's €5M gains vs. EMAP's €3.2M loss.
- Ensisa manages profitable Canillo, Soldeu, El Tarter stations.
- La Massana councils to review results; business plan underdelivers.
- Climate change disrupts ski forecasts despite optimizations.
Setap365, the holding company overseeing Andorra's ski operations, recorded a slim profit for the 2024-2025 season, spanning May 2024 to April 2025, thanks to strong results from its Canillo-area stations offsetting heavy losses elsewhere.
Ensisa, which manages the slopes in Canillo, Soldeu, and El Tarter, posted gains of €5 million. These figures cushioned a €3.2 million deficit at EMAP, the entity handling Pal and Arinsal stations in La Massana parish.
The overall outcome fell short of expectations for the unified structure, formed after the pandemic with Crèdit Andorrà taking a stake in the La Massana operations. Local councils in Canillo and La Massana, as shareholders under a prior agreement, will review these results in the coming days—Canillo's this Tuesday.
Original Sources
This article was aggregated from the following Catalan-language sources: