Earnings Report /
Croatia

Valamar Riviera: Improvement in Q2 Expected

  • In H1 2021 and operating revenue more than doubled to HRK 266.4m as in Q2 of 2021 tourist activity in Croatia picked up.

  • Valamar has also announced that in July 2021 it has generated about 90% of board revenues achieved in July 2019.

  • Net income after minority of HRK -158m (vs. HRK -299m in H1 2020) is in line with our expectations.

Tea Pevec
Tea Pevec

Head of Research

InterCapital
30 July 2021
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