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Club Mediterranee Says Winter Sales Have Very Encouraging Start

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Sept. 14 (Bloomberg) -- Club Mediterranee SA, the French operator of 75 resorts worldwide, said full-year operating income from its villages will improve as winter sales offset a decline in business to North Africa following political unrest.

“Over-performance delivered during the winter should enable the group to offset the unfavorable impact of these events," the Paris-based company said in a statement today. ‘‘Winter sales are off to a very encouraging start.’’

European travel company earnings have been affected by political unrest in North Africa this year. Club Med said its third-quarter business volume for destinations in Morocco, Tunisia and Egypt was 20 million euros lower year-on-year, reducing growth in total business volume by 5.9 percent.

Revenue slipped 1.9 percent to 323 million euros ($441 million) in the three months to July 31.

To contact the reporter on this story: Armorel Kenna in Milan at akenna@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net