Earnings Report /
Croatia

Arena Hospitality Group: Q2 shows improvement on all lines

  • Reopening of economies from June has positively affected the operations, so Q2 results show improvement on all lines.

  • In H1 net loss amounted to HRK -103.7m compared to HRK -125.0m in H1 2020, which is an improvement of 17% YoY

  • All these assumptions are included in our company analyses; therefore, we keep our current recommendation of HOLD.

Tea Pevec
Tea Pevec

Head of Research

InterCapital
29 July 2021
Published by