Earnings Report /

Valamar Riviera: Q1 21 – Cost management leads to an improved quarter

  • The Group operated with only one open hotel, Valamar Diamant Hotel & Residence in Poreč.

  • ADR noted a decrease of 22% to HRK 412. Sharp decrease in OPEX by 31.2% to HRK 189.3m.

  • Better net financial result at HRK -27.3m vs. HRK -84.1m in Q1 2020 (due to FX loss in Q1 2020).

Tea Pevec
Tea Pevec

Head of Research

6 May 2021
Published byInterCapital


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