I Viaggi del Ventaglio S.p.A.
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I Viaggi del Ventaglio S.p.A.: SWOT
Analysis & Company Profile
Reference code: TT0015CP
Published: Jul 2010
Business Review
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I Viaggi del Ventaglio S.p.A. - SWOT Profile Page 1
I Viaggi del Ventaglio S.p.A.
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I Viaggi del Ventaglio S.p.A. - Company Overview
I Viaggi del Ventaglio S.p.A. (Ventaglio) is a leading tours operator in Italy. The company is principally engaged in the
Italian holiday village market and operates as the second largest tour operator in the country. Its business activities
include the management and marketing of holiday villages, general tour operating activities, air passenger transport and
distribution through its own companies and brands. Geographically, Ventaglio has its operations in Italy, Greece, Poland,
Tunisia, Mexico, Brazil, Kenya, Morocco and among others. The company is headquartered at Milan, Italy.
In August 2009, the company approved the Memorandum of Understanding (MoU) for the Disposal of I Viaggi del
Ventaglio Resorts Ventaglio Real Estate Srl, a subsidiary of the company. Earlier in June 2009, the company announced
to sell Its Stake in Best Tours SpA to I Grandi Viaggi SpA.
Financial Performance
The company reported revenues of (Euro) EUR 518.54 million during the fiscal year ended October 2008, a decrease of
5.62% from 2007. The operating profit of the company was EUR 0.01 million during the fiscal year 2008, a decrease of
99.94% from 2007. The net loss of the company was EUR 16.78 million during the fiscal year 2008, as against a net profit
of EUR 14.80 million during 2007.
I Viaggi del Ventaglio S.p.A. - Key Facts
I Viaggi del Ventaglio S.p.A., Key Facts
Via dei Gracchi, 35, Milan, ,
Ticker Symbol, Stock VVE (Italian SE (Mercato
Corporate Address: 20146, Italy Continuo Italia))
Exchange
Telephone + 39 02 46754901 No. of Employees 1,654
Fax + 39 02 46754983 Financial Year End October
URL www.ventaglio.com Revenue (in EUR Million) 518.54
Leisure and Arts , Transport and
Industry Revenue (in USD Million) 762.56
Logistics
Locations Italy
Source: Annual Report, Company Website, Primary and Secondary Research
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I Viaggi del Ventaglio S.p.A. - SWOT Profile Page 2
I Viaggi del Ventaglio S.p.A.
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I Viaggi del Ventaglio S.p.A. - Business Description
I Viaggi del Ventaglio S.p.A. (Ventaglio) is one of the leading company in the holiday resort sector as well as the second
largest tour operator in Italy. The company caters its services to a total of more than 600,000 customers both in Italy and
throughout the world. It operates as a vertically integrated company with offices in Milan and Genoa. Ventaglio comprise
of a number of subsidiary companies concentrating in the management and sale of holiday resorts, air transport and
distribution as well as general tour operating. As of August 2009, the company's composition of shareholding include IVV
Holding Srl (25.12%), YA Global Investments L.P. (3.11%), Bruno Virginio Colombo (3.98%), IVV Trade (0.45%), and
Free Float (67.33%).
Through its vertical integration and brand diversification strategy, the company acquired leading Italian tour operator
brands such as Columbus, Utat Viaggi, Caleidoscopio and Best Tours. The strategy also enabled the company to develop
and establish a range of offerings to its customers. Its other brands include VentaClub, Columbus Club, and 105 Travel.
The company is focused on development of a friendly network of travel agencies belonging to VentaPoint Network, which
further strengthened its distribution network. In addition, the company is also focused on new products development and
markets to reach. During the fiscal 2008, the company's new destinations became operational to provide greater
diversification and renewed products. Such a new diversification include, a new destination Libya with the Dar Tellil resort,
new initiatives in the Mediterranean area such as Crete, Paros and Mediterranean Egypt, and renewed portfolio includes
inauguration of the Cayo Largo resort in Cuba, Gangehi resort in the Maldives, and opening of the international airport.
The company operates its business through a number of direct and indirect subsidiaries located across various nations,
Some of its key operating subsidiaries include Ventaclub S.r.l. (Italy), Ventaglio Real Estate S.r.l. (Italy), O. V. Columbus
S.r.l. (Italy), A.G. Co. Ltd (Tanzania), Ventaglio Hellas S.A. (Greece), IVV de Mexico S.A. de C.V. (Mexico), Ventur Club
Tunisie S.A. (Tunisia), Guarabu Marketing e Investimentos Internacionais Lda (Portugal), Salama Beach Hotel Ltd
(Kenya), Ventaglio do Brasil Hoteis e Turismo Ltda (Brazil), and Ventaclub Maroc S.a.r.l. (Morocco). Geographically, the
company has its operations across Italy, Tunisia, Poland, Greece, Mexico, Morocco, Brazil, Kenya.
In early 2009, the company launched 7 new VentaClubs and 13 new Columbus Clubs with affordable prices even for
customers in lower income groups.
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I Viaggi del Ventaglio S.p.A. - SWOT Profile Page 3
I Viaggi del Ventaglio S.p.A.
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I Viaggi del Ventaglio S.p.A. - Major Products and Services
I Viaggi del Ventaglio S.p.A. is a vertically integrated company, operating in three segments, Tour Operating, Resorts
Management and Aviation. The company’s key products and services include the following:
I Viaggi del Ventaglio S.p.A., Major Products and Services
Products:
Resorts
Charter Flights
Brands:
ColumbusClub
VentaClub
Caleidoscopio
UtatViaggi
Ventaglio IVIAGGI
Source: Annual Report, Company Website, Primary and Secondary Research
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I Viaggi del Ventaglio S.p.A. - SWOT Profile Page 4
I Viaggi del Ventaglio S.p.A.
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I Viaggi del Ventaglio S.p.A. - History
I Viaggi del Ventaglio S.p.A., History
Year Event type Description
Grandi Viaggi acquied 10% stakes in Ventaglio Retail S.r.l., a subsidiary of the
2008 Acquisitions/Mergers/Takeovers
company.
Ventaglio Group began marketing products under the new brand Ventaglio IVIAGGI
2007 Others
from 2007.
2007 Corporate Changes/Expansions On 18, January 2007, Ventaglio Retail S.r.l. was formed.
2006 Acquisitions/Mergers/Takeovers In 2006, Ventaglio Group acquired complete stake in Best Tours.
2003 Acquisitions/Mergers/Takeovers During October 2003, it acquired 35% stake in Best Tours.
The company formed Livingston Aviat