Earnings Report /
Croatia

Arena Hospitality Group: Strong improvement, Q3 results in line with expectation

  • Croatian business segment and strong summer be credited for positive developments as in Q3 ADR surged by 16.7%.

  • In 9M Group received State support on all its markets in the total amount of HRK 49.7m.

  • All this reduced the operating expenses (+20% YoY) to HRK 252.6m. As a result of it, EBITDA amounted to HRK 162.6m.

Tea Pevec
Tea Pevec

Head of Research

InterCapital
28 October 2021
Published by