Year-End Report September 2017 - August 2018

BEST YEAR EVER - HIGH HOPES FOR THE COMING WINTER SEASON

Fourth Quarter

• Revenue for the fourth quarter was SEK 184 (90) million, an increase of SEK 94
• Profit after tax was SEK -117 (-150) million, an increase of SEK 33 million (22
• Earnings per share, basic and diluted, amounted to SEK -2.87 (-3.78), an

Full Year

• Revenue for the full year was SEK 2,536 (2,306) million, an increase of SEK
• Profit after tax was SEK 486 (387) million, an increase of SEK 99 million (26
• Earnings per share, basic and diluted, amounted to SEK 12.49 (9.96), an
• The Board of directors proposes a dividend of SEK 7.00 (5.50) per share,

Comments from the CEO Mats Årjes
With the 2017/18 financial year behind us, I am proud that we can present yet another
record year for SkiStar!

We show growth in most of our branches of activity. Valle’s Winter Weeks in January,
holiday periods, SkiStar Business conference activities and SkiStarshop all made a
strong contribution to the improved results. Our offering is strong!

All our destinations had fantastic seasons, with cold weather and snow from mid-
December until mid-April. This enabled us to offer good skiing from start to finish, which
is reflected in the number of guests at the ski areas. The number of skier days (one
day’s skiing with a SkiPass) was 5.8 million, an increase of about 404,000 days from
the previous year. The number of booked overnight stays (through SkiStar’s
accommodation agency operations) was approximately 517,000, an increase of 2.5
percent from the previous year.

Profit after tax rose by SEK 99 million to SEK 486 million during the financial year,
giving us increased scope to focus on and invest in SkiStar’s continuing development.
SkiStar AB (publ), SE-780 67 Sälen, Tel +46 (0)280-880 50 | SkiStar AB Org. nr: 556093-6949 | Styrelsens säte: Sälen | www.skistar.com
Development is a part of our operations − we develop and sell plots for the construction
of private holiday homes, we build and sell tenant-owner apartments, we sell weekly
units via our Vacation Club holiday concept and we also produce commercial
accommodation. Our development operations and sales of shares in Vacation Club this
year have made an earnings contribution of SEK 146 million. We do not see any
decline in interest in our development projects and we expect capital gains from our
development to rise in the next financial year.

We continue to concentrate our sales on skistar.com. Bookings for the 2018/19 winter
season are five percent higher than at the same time the previous year. Just over 50
percent of the total capacity expected to be sold in the full winter season is already
booked. The highest level of growth in the foreign markets is coming from the UK and
Denmark. It is also pleasing to see that SkiStar’s apps are used by about 80 percent of
our guests and that engagement in SkiStar’s MySkiStar customer club continues to
increase. The number of registered members is now over 780,000.

Construction of the Scandinavian Mountains Airport, located between Sälen and Trysil,
is continuing according to plan. The airport is expected to have a major impact on
business and industry in the region and is important to our investment in Hundfjället,
where we are planning a new SkiStar Lodge and opening an eight-chair express lift this
winter.

We are also title sponsor to the Alpine World Championships in Åre in February 2019.
Presenting our destination and our skistar.com platform to up to 700 million TV viewers
is in line with our strategy to attract more foreign guests to our destinations.

This information is information that SkiStar AB is obliged to make public pursuant to the
EU Market Abuse Regulation and the Securities Markets Act. The information was
submitted for publication, through the agency of the contact persons set out below, at 3
October 2018, 07.30 a.m. CET.

SkiStar in brief:
SkiStar is listed on the Nasdaq Mid Cap, Stockholm. The Group owns and operates
alpine destinations in Sälen, Åre, Vemdalen and Hammarbybacken (Stockholm) in
Sweden, Hemsedal and Trysil in Norway and St. Johann in Tirol in Austria. Market
share is 49% in Sweden, 30% in Norway and 41% in Scandinavia. The Group’s core
business is alpine skiing, with a focus on the guests’ overall skiing experience.
Operations are divided into three segments; Ski Resorts – Operation, Infrastructure
and Exploitation.

Further information can be reached from:
Mats Årjes, CEO tel +46 (0)280 880 80
Anders Örnulf, CFO tel +46 (0)280 880 80